FAISALABAD - Pakistan could derive benefit from the experience of Brazilian energy sector in overcoming her energy crisis, said Mr Alfredo Leoni, the Brazil’s Ambassador to Pakistan.

He was addressing the Board of Directors of the Faisalabad Electric Supply Company on Thursday. He underlined the importance of energy sector and said that Brazil was facing shortage of energy but now the government was producing surplus energy after the efforts of a few years. He said that Brazil is meeting its 73% energy needs from hydropower while every year one dam is being constructed to meet the increasing energy demand.

He said that Brazilian companies have excelled in dam construction and they could also help Pakistan in this field. He said that two delegations from Brazil are expected to visit Pakistan very soon. These delegations would explore cooperation between the two countries regarding sugarcane production and energy sector.

Earlier, Nadeem Aftab Sindhu, the Chairman of the FESCO Board of Directors, welcomed Mr Alfredo and said that Pakistan intends to learn from the Brazilian experience in the field of energy sector to fulfil her energy needs with cheap and inexpensive hydropower. Tariq Mehmood Chattha the Chief Executive Officer of Fesco, said that its line loses were 9.1% which are comparable to any developed country.

He also explained the technical and administrative setup of the company and said that its progressive recovery has reached at 100.6%. Mr Hamid Javed, the former president of Faisalabad Chamber of Commerce and Industry, Prof. Dr. Iqrar Ahmed Khan, the Vice Chancellor of University of Agriculture Faisalabad, Mian Muhammad Latif Chenab Group and FESCO Directors were also present.