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ISLAMABAD, Dec 08 (APP):Federal Minister for Power, Sardar Awais Ahmed Khan Leghari, on Monday met with Frederic Ribieras, CEO of GE Vernova’s Hydro Power and discussed Pakistan’s clean energy transition, private-sector investment, and collaboration in hydropower and energy storage.
During the meeting, the minister reiterated the government’s shift toward a market-driven power sector, noting that future power generation will be led by the private sector as the government will not procure power in future, said a press release.
He highlighted transmission constraints and encouraged global investors to explore B2B opportunities, stating that companies like GE Vernova can serve as strong technical and investment partners.
He shared that Pakistan is pursuing a least-cost energy strategy and recently achieved nearly 56% clean energy generation. The Minister emphasized the need for Battery Energy Storage Systems (BESS) due to challenges in wind power take-off. Ribieras suggested pumped-storage hydropower as another option. The Minister welcomed the idea and said the Government is open to reviewing all least-cost solutions.
Ribieras expressed interest in hydropower technologies. The Minister supported this interest and said a list of potential investment projects can be shared with GE Vernova.
He also highlighted the privatization of DISCOs and stressed stronger coordination with the Power Planning & Monitoring Company (PPMC), especially for initiatives like AMI meter deployment where GE Vernova’s expertise could be beneficial.
GE Vernova’s leadership appreciated Pakistan’s policy direction and showed interest in hydropower and storage opportunities.
It was agreed during the meeting to maintain close engagement to advance sustainable, reliable, and cost-effective energy solutions for Pakistan.