Islamabad, Aug. 7 (ANI): Pakistan is going to join hands with Indian boiler manufacturers for fulfilling their energy requirements using biogas as the main fuel.
According to the Express Tribune, the new government of Pakistan is focusing to tackle the energy crisis, especially by tapping alternative energy sources.
High-profile officials of two Indian engineering companies, manufacturing high pressure boilers, are presently on a trip to Pakistan to join hands with local counterparts, the report added.
They will manufacture boilers, which they call 'power packs', for meeting the needs of sugar mills and allied industries through production of cheap electricity with bagasse as the main fuel.
A Memorandum of Understanding was signed between Cheema Boilers Limited, the manufacturers of high pressure boilers, along with Triveni, the turbine manufacturers, and a local company Haseeb Waqas Group of Companies.
Meanwhile, the high pressure boilers manufactured in Pakistan costs around 1 billion rupees, whereas the joint venture will offer power packs for around 700 million rupees.
Pakistan is a lucrative market for Indian companies as 90 percent of their industries are energy-efficient and they produce their own electricity.
There are expectations that this venture will boost more Indian companies to come to Pakistan, which will benefit in terms of technology transfer, creating job opportunities and reducing prices for high pressure boilers. (ANI)
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