Pakistani Companies May Invest In Azerbaijan's Renewable Energy Sector
Date
7/31/2023 3:56:58 PM
(MENAFN- AzerNews) A proposal for Pakistani companies to invest in Azerbaijan's
renewable energy sector was made by Javid Abdullayev, Director of
the State renewable Energy Agency of Azerbaijan, during a meeting
with the Chief Executive Officer of the Alternative Energy
Development Council of the Energy Ministry of Pakistan, Executive
Director of the Private Energy and Infrastructure Council Shah
Jahan Mirza. Azernews reports.
At the meeting, information was given on the potential of
Azerbaijan's renewable energy, measures to realize this potential,
and export opportunities. Pakistani companies have been invited to
participate in future renewable energy auctions. Shah Jahan Mirza
informed Azerbaijani colleagues about the reforms in the energy
sector of Pakistan and the development of the renewable energy
sector.
The invitation to Pakistani companies to invest in Azerbaijan's
renewable energy sector is part of a larger effort to increase
cooperation between the two countries. The Azerbaijan-Pakistan
Technology Forum was held in Baku to establish relations between
the IT companies of Pakistan and the state and private partners in
Azerbaijan. Representatives from 35 companies from Pakistan that
operate in the fields of artificial intelligence, blockchain, cloud
technology, and a number of areas of the ICT sector participated in
the forum.
Pakistani IT companies have also been invited to operate and
invest in the liberated territories of Azerbaijan. The government
of Azerbaijan is doing reconstruction work and building smart
villages and smart cities in the liberated territories, and
Pakistani IT companies have the potential to help in these
processes.
The Pakistani IT sector is very big, and there is great
potential to expand cooperation in the IT sector. The Ministry of
Digital Development Minister, as well as other high government
officials, participated in the forum. Pakistani IT companies also
have aspirations to provide IT education to children.
It is hoped that the forum will move to active cooperation in
the coming months and that Azerbaijani companies will visit
Pakistan to get to know Pakistan's IT sector.
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