Afghan seeks international investors to explore opportunities in renewable energy sector
Updated: Aug 07, 2015 12:26:01pm
New Delhi, Aug 7 (KNN) Adverting that Afghanistan has potential to produce energy from different clean sources, Minister of Energy and Water, Islamic Republic of Afghanistan, Ali Ahmad Osmani called on international investors to explore opportunities in the field of renewable energy.
Afghanistan had tremendous potential to produce energy from different clean sources and the country’s doors were open for international investors to explore opportunities in this space, he said at the ‘India-Afghanistan Renewable Energy Summit’ here on Thursday.
The event was organised by FICCI in collaboration with the Afghanistan Ministry of Energy and Water and Afghanistan Renewable Energy Union (AREU).
Osmani also emphasised the importance of India-Afghanistan relationship. He said he would suggest that the name of Salma Dam should be rechristened to ‘Afghan-India Friendship Dam’ to mark the special relationship enjoyed by the two nations.
That the business delegation from Afghanistan hoped to deliberate on ideas thrown up during the summit and looked forward to business match-making with Indian investors in the area of renewables, he added.
Indian Embassy in Kabul and UASID, Afghanistan, Osmani said that it was necessary to protect environment and reduce emission of greenhouse gases.
Energy security is a necessity for regional stability and to ensure economic and social growth of an economy. With industrialization and development, environment was under pressure, hence there is a need to utilize renewables to produce energy which will eventually fuel the industry, he said.
Looking forward to India for support to meet its energy needs, Minister of Rural and Rehabilitation and Development, Islamic Republic of Afghanistan, Nasir Ahmad Durrani said off grid energy is feasible and cost effective and there were opportunities for Indian companies to establish their capabilities in Afghanistan.
He also said energy is vital to power the Afghan industry which would in turn lead to employment and prosperity.
Managing Director, Sindicatum Sustainable Resources and Chairman, FICCI Bio Energy Task Force, FICCI, Devin Narang said companies must be the target for the climate change movement.
It is important that the cost of capital for these companies be increased and they are priced out. This will help mobilise the 100 trillion pounds for clean energy – thus instating a clean energy based lifestyle and clean energy fuelled future.
CEO, Da Afghanistan Breshna Sherkat (DABS), Abdul Razique Samadi said Afghanistan aims to take up the level of electrification to 65% from the present 33% in the next five years.
This can be achieved only when Afghanistan, instead of importing its energy requirements from neighbouring countries, is able to bring technology for energy generation to the country. In this endeavour, Afghanistan looks to India for its continued support, he added.
Chairman, Afghanistan Renewable Energy Union (AREU), Kabul Khan Tadbir said that the delegation from Afghanistan was visiting India with the aim of exhibiting attractive investments prospects in the country and also giving a glimpse of opportunities that were ready to be explored in the renewable energy space.
Assistant Secretary General, FICCI, Sheila Sudhakaran said Indian and Afghan governments were encouraging the industry on both sides to explore various spheres for cooperation and collaboration.
Ambassador of India to Afghanistan, Amar Sinha, and Ambassador of Afghanistan to India, Shaida Mohammad Abdali were also present on the dais. (KNN Bureau)
Afghanistan had tremendous potential to produce energy from different clean sources and the country’s doors were open for international investors to explore opportunities in this space, he said at the ‘India-Afghanistan Renewable Energy Summit’ here on Thursday.
The event was organised by FICCI in collaboration with the Afghanistan Ministry of Energy and Water and Afghanistan Renewable Energy Union (AREU).
Osmani also emphasised the importance of India-Afghanistan relationship. He said he would suggest that the name of Salma Dam should be rechristened to ‘Afghan-India Friendship Dam’ to mark the special relationship enjoyed by the two nations.
That the business delegation from Afghanistan hoped to deliberate on ideas thrown up during the summit and looked forward to business match-making with Indian investors in the area of renewables, he added.
Indian Embassy in Kabul and UASID, Afghanistan, Osmani said that it was necessary to protect environment and reduce emission of greenhouse gases.
Energy security is a necessity for regional stability and to ensure economic and social growth of an economy. With industrialization and development, environment was under pressure, hence there is a need to utilize renewables to produce energy which will eventually fuel the industry, he said.
Looking forward to India for support to meet its energy needs, Minister of Rural and Rehabilitation and Development, Islamic Republic of Afghanistan, Nasir Ahmad Durrani said off grid energy is feasible and cost effective and there were opportunities for Indian companies to establish their capabilities in Afghanistan.
He also said energy is vital to power the Afghan industry which would in turn lead to employment and prosperity.
Managing Director, Sindicatum Sustainable Resources and Chairman, FICCI Bio Energy Task Force, FICCI, Devin Narang said companies must be the target for the climate change movement.
It is important that the cost of capital for these companies be increased and they are priced out. This will help mobilise the 100 trillion pounds for clean energy – thus instating a clean energy based lifestyle and clean energy fuelled future.
CEO, Da Afghanistan Breshna Sherkat (DABS), Abdul Razique Samadi said Afghanistan aims to take up the level of electrification to 65% from the present 33% in the next five years.
This can be achieved only when Afghanistan, instead of importing its energy requirements from neighbouring countries, is able to bring technology for energy generation to the country. In this endeavour, Afghanistan looks to India for its continued support, he added.
Chairman, Afghanistan Renewable Energy Union (AREU), Kabul Khan Tadbir said that the delegation from Afghanistan was visiting India with the aim of exhibiting attractive investments prospects in the country and also giving a glimpse of opportunities that were ready to be explored in the renewable energy space.
Assistant Secretary General, FICCI, Sheila Sudhakaran said Indian and Afghan governments were encouraging the industry on both sides to explore various spheres for cooperation and collaboration.
Ambassador of India to Afghanistan, Amar Sinha, and Ambassador of Afghanistan to India, Shaida Mohammad Abdali were also present on the dais. (KNN Bureau)
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