President Asif Ali Zardari has urged the US businessmen to invest in power sector in Pakistan. He was talking to a delegation of a US power company DACC Global in Islamabad on Wednesday. The delegation headed by Doug Melvin, President DACC Global, comprised of Arnd Spinger, Joseph Steinfeldt, Mark Lohoff, Adnan Hameed, Zafar Ahmed and Nasir Waseem.
Spokesperson to the President Senator Farhatullah Babar, Chairman Intellectual Property Organization of Pakistan Mr. Hameedullah Jan Afridi, Secretary to President Maj (R) Haroon Rashid, Secretary Water & Power Ms. Nargis Sethi, CEO Alternative Energy Development Board Mr. Arif Allauddin and other senior officials were also present during the meeting. Spokesperson to the President Senator Farhatullah Babar while briefing about the meeting said that DACC Solar Power Generation Company (DPGC) is pursuing development of a 50 MW Solar power project in Punjab, production of bio-fuel and installation of solar water pumps in the country.
He said that the President while welcoming the delegation appreciated their interest and investment in the alternate energy sector. The President highlighted huge investment opportunities available in the country in the alternate energy sector and said that abundant sunshine and wind corridors offered great opportunities to the investors for harnessing this clean and efficient source of energy. The President said that energy shortage has been one of the major challenges faced by the country at present. He said that the Government was according highest priority to facilitating the investors undertaking business ventures in this sector. He said that the Government was committed to promote the alternate means of energy production so as to reduce dependency on conventional modes and simultaneously to save the environment from further degradation due to burning of the fossil fuels. The President also recounted various incentives being offered to foreign investors in the energy sector. He said that Pakistan offered 17 percent return on Investment (ROI) for renewable energy projects which is one of the highest in the world.
He said that NEPRA was working on up-front Tariff for Solar Power projects which will further incentivize setting up of solar power plants in the country.
The President also mentioned special control rooms in the Ministry of Water and Power and various offices of power distribution companies for monitoring and coordination purposes. He said that all efforts were being undertaken to avoid bureaucratic delays and to address the issues related to supply and distribution of power on spot basis.
The President assured the company of all possible facilitation in its business ventures in Pakistan. He also expressed the hope that the company will construct more solar projects in other parts of the country too, which will greatly help in meeting the energy demand of the country.
The President's corrupt team and his patronization of their corruption, alongwith the poor state of security, are the biggest obstacle for foreign direct investment in Pakistan. He had his chance for over 4 full years and he blew it up, with rental power projects, the Rs100 Billion PIA heist, OGDC/Steel Mills/ Railways/ Fertilizer/etc /etc scams
Pakistan will be a much better place to live once Mr President dies !!! hope this happens sooner rather than later !! Good times can't wait for it 😀
And if you die before president, noone knows….time of death.
Dacc / Doug Melvin has scammed a lot of investors. He has embezzled about 4 million from investors. Doug / Dacc is as corrupted as they come. Stay clear form this scammer. He will be serving time behind bars soon. His time is coming. Beware he is a great story teller and has never performed. His days are numbered. Look up TSA sex scandal Doug Melvin
The courts have ruled against Dacc power generation for fraud. (Doug Melvin) has scammed investors for over 6 million dollars. Do your home work . warrant's are in place. Interpol has been notified and are looking for Mr Melvin. Records are public. Charges are being brought against Mr Melvin in the US also.
:Doug Melvin with his company DACC. has scammed investors for about 5.4 million in the UAE. Stay clear his days are numbered . Do your home work legal doc are out their and the courts are looking for him now.
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