Pakistan and Denmark have formed a Joint Technical Working Group (JTWG) aimed at framing the Terms of Reference for government-to-government (GtG) agreements in the field of energy.

The JTWG has constituted during a virtual meeting, co-chaired by Minister for Energy Omar Ayub Khan and Danish ambassador to Pakistan Lis Rosenholm in Islamabad on Monday.

Acknowledging the leading role of Denmark in clean and green energy at the global level, Minister Omar Ayub said Pakistan too embarked upon taping its huge indigenous potential of renewable energy.

He said Pakistan's new Renewable Energy Policy would bring opportunities for investors due to transparent policies introduced by the current government.

He said the government had set ambitious targets to introduce 25 percent renewable energy by 2025.

Omar Ayub said the government had the required strong political commitment and innovative ways of expanding energy access, promoting renewable energy and increasing energy efficiency to meet the country’s energy needs.

Appreciating Pakistan’s commitment to refurbish the energy sector, the envoy said the new renewable energy policy is more transparent as it provided a level playing field to all.