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Islamabad, June 22 (Xinhua) Pakistan would encourage investment in utilisation of alternative resources to fuel economic growth through cost-effective energy and reduce dependence on expensive thermal power, President Pervez Musharraf said Thursday.
Speaking in a presentation on alternate energy resources, President Musharraf directed earliest implementation of projects, envisioned for making use of wind and solar energy, Pakistani news agency APP reported.
'We must make the best use of untapped energy potential in the form of wind and solar energy to meet the growing requirements in the long-term. This has become all the more important in the face of soaring oil prices,' he said.
Musharraf noted that in recent years, Pakistan has been able to reduce its reliance on imported oil but added that mounting energy requirements on the back of robust industrial growth demand that the country exploits its hydropower capacity as well as benefit from abundant alternate energy means.
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