ISLAMABAD: The Embassy of the Republic of Korea in Islamabad has organized an interactive seminar to encourage energy infrastructure enhancement in Pakistan through the Economic Development Cooperation Fund (EDCF).
The seminar was held at a local hotel and attended by senior-level representatives from the Ministry of Foreign Affairs, Economic Affairs Division, EXIM Bank of Korea, Korean Companies, Pakistani Business Community Members, and the UN.
While speaking at the seminar, Ambassador of Korea to Pakistan Suh Sangpyo said that Korea and Pakistan have always enjoyed cordial ties, and Korea aims to further enhance these bilateral relations between the two countries to new heights through renewable energy projects.
During the seminar, the participants discussed ways to promote renewable energy, especially solar power in Pakistan in a collaborative and synergistic manner.
The representatives of Korean companies showcased their experiences of undertaking renewable energy projects in Korea, Pakistan, and around the world.
They also highlighted the interest of the Pakistani Government towards utilizing the Economic Development Cooperation Fund (EDCF), worth USD 1 billion for the years 2022 to 2026, which was signed in June 2022 between the Economic Affairs Division (EAD) of Pakistan and the Korean Embassy towards enhancing Pakistan’s renewable energy output and making the country more climate resilient.
The Country Director of KOICA and CEOs of Korean Companies also expressed their willingness to assist Pakistan in this process.
