ISLAMABAD (APP) - Minister for Water & Power Raja Pervez Ashraf said Monday the government was looking for some immediate steps to overcome energy shortage to provide relief to its people. This he said while presiding over a meeting with 17-member delegation, comprising top executives of the leading German companies in energy sector here. The delegation is currently on a 3-day visit of Pakistan on the invitation of Alternative Energy Development Board (AEDB) to explore possibilities of investments in the Alternative/Renewable Energy (ARE) sector. Secretary, Adviser and Additional Secretary Ministry of Water & Power, Chairman WAPDA, MD PEPCO, Md PPIB, EO AEDB and other senior officials of the Ministry and attached departments also attended the meetings whereas, Ambassador Dr Michael Koch led the German delegation. The Minister said currently Pakistan was passing through a critical phase of power shortages; however, it possessed great potential of power generation, especially in the field of alternative/renewable energy particularly Hydro Wind and Solar Power. He said Germany has always helped Pakistan in different sectors and the current visit of top German companies officials would certainly strengthen relations between the two friendly countries. He invited the German companies to develop their businesses in Pakistan through direct investments, joint ventures or providing technical assistance, machinery, equipment etc. Pervaiz Ashraf said that Pakistan was already offering scores of attractive incentives for in alternate energy sector. However, a new policy which is only awaiting approval of the federal cabinet is ready for implementation. The policy makes Pakistan one of very few countries that offer remarkable incentives in the field of ARE. The Minister assured the German companies fullest Govt support in their future investment in Pakistan in alternative energy sector. The CEO, AEDB on this occasion informed that four 50 MW wind farms are expected to see their financial closure by the end of this year. The number would increase in the subsequent years. He also informed that with the support of AEDB more than 8 Hydro power plants (110 MW), are under implementation, 14 others are in advanced stages of preparation. Members of the German delegation informed the meeting of their proposed alternative energy projects and expressed their interest for joint ventures with Pakistani companies. They also discussed some other alternative energy like wind and solar projects. The German Ambassador thanked the Minister for supporting and facilitating the delegation. He said that the German companies are very eager to invest in the energy sector in Pakistan to meet its future electricity needs. The Minister appreciated the role of AEDB for their efforts for setting up alternative energy projects and asked to enlist all the proposed projects submitted by German Companies and again assured the delegation of governments utmost support in this regard. Earlier, Secretary Water and Power, Shahid Rafi gave a detailed briefing on power sector, investment opportunities and incentive based power policies. Chairman Wapda, MD PPIB and MD Pepco also briefed the delegation and offered various projects for investment in their respective areas.