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Pak economy to turn around: Wajid
By Fawad Hashmey
LONDON, Feb 1 (APP): Pakistan’s High Commissioner to the United Kingdom, Wajid Shamsul Hasan is optimistic about a quick turnaround of Pakistan’s economy by the year’s end despite the global downward trend. The wide-ranging interview with the APP—among many other issues—covered Pakistan’s economy, post-Mumbai developments, advent of new administration in the United States, greater realisation of Pakistan’s overly constructive role in the war on terror and growing understanding of the core issue of Kashmir as a nuclear flash-point.
Intensive interaction with important British functionaries, leaders in trade and industry and enthusiastic entrepreneurs has reassured Mr Hasan of immense keenness in the United Kingdom to help his country develop both economically and to strengthen its democratic institutions.
Despite backlog of piled up economic problems inherited by the new democratic government and slow growth in the recent past Mr Hasan feels confident that Pakistan’s economy will grow more than 4 per cent by the end of 2009.
The High Commissioner referred to the launching of the Friends of Pakistan Club on the initiative of President Asif Ali Zardari and the United Kingdom to provide economic support and offset the huge expenditure being incurred on the war on terror and overcome economic difficulties intensified by the global financial crunch.
“We have been aggressively pursuing a policy of trade and investment diplomacy to pursue British business community to invest in Pakistan,” he said. He mentioned about the enthusiastic participation of British trade delegation at the Expo 2008 held in October last year in Karachi and termed the visit as ‘very fruitful in generating interest among the participants in food items, power generation, alternate power resources, textiles, sport goods and surgical instruments.
Responding to a question, the High Commissioner said the British businessmen have been assured about the protection of their investments and have been asked to invest ‘fearlessly’ in Pakistan.
“As a matter of fact, in our exchanges with them, they agreed that the ratio of profit offered by Pakistan and guarantees to their investment are very encouraging to attract investment and they are looking at various fields, carrying on negotiations with Pakistani entrepreneurs as well and Government to invest British money in different businesses in Pakistan.”
Mr Hasan disclosed later in March a delegation of Pakistan-Britain Trade Investment (PBTIF) led by its Chairman Sir Thomas Harris will be visiting Pakistan to explore possibilities of newer economic ventures, to consolidate and expand existing business.
Besides, PBTIF’s delegation’s visit to Pakistan, there is going to be equally important participation from Pakistan in the International Spring Fair being held in Birmingham from February 5. So far eight major Pakistani business houses/entrepreneurs have registered for the participation of their companies in the Spring Fair.
Since energy is a major problem faced by Pakistan, efforts have been intensified to attract more investment in the power generation sector. Besides tapping conventional energy generation sources Pakistan is seeking in a big way alternate energy sources.
A high-powered delegation from Pakistan including Sindh representatives will soon be in UK to probe alternate energy sources that would include solar, wind and energy from waste.
One of the major achievements of the present government has been successfully attracting British investment of US $ 2 billion in the petroleum sector’a project recently approved by the ECC.
“This huge investment shows that British business is confident about the early economic recovery of Pakistan and is not shy any more in investing in Pakistan”. Explaining Mr Hasan said that business goes where profit is most and where restriction are least in transferring profit outside Pakistan.
The present government, Mr.Hasan said, has been in power for little less than a year and it has waddled through with great determination and resilience the most difficult circumstances including the continuing international economic crunch and regional security situation.
“Despite our difficulties the amount of interest shown by British business and investors here is very encouraging. We hope to mobilise huge investments in Pakistan in the next six months to one year.”
He said the perception that the investors are shying away from Pakistan is no longer there and their confidence is coming back and the concessions provided by a business friendly Government to them are so enormously attractive that investors are willing to take certain amount of risk.
P
www.investorideas.com
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Tuesday, January 13th, 2009
Dear Energy and Capital Reader,
This morning, some talking head on television rattled off a bunch of reasons that he believes renewable energy stocks will soar in 2009.
Like most, this guy is banking on the Obama administration to catapult renewable energy stocks to the moon. Of course, who can really blame him? After all...
The President-elect has already set aside $150 billion for renewable energy this year.
An additional $25 billion in renewable energy tax credits will now likely be included in the next economic stimulus package.
Both Democrats AND Republicans are now moving forward with a plan to create a "green bank" that would basically work as a revolving fund to help finance energy-efficiency improvements by homeowners.
Certainly the enthusiasm and optimism surrounding Obama's new energy plan is bringing investors back to the renewable energy table.
But there's an underlying economic reality that's about to separate the winners from the losers in what's already shaping up to become a decade-long renewable energy bull market.
Zardari to attend Obama’s oath-taking ceremony
ISLAMABAD: President Asif Ali Zardari will visit the United States next week to attend the January 20 oath taking ceremony of US president-elect Barack Obama in Washington DC. According to official sources, the president would leave for Washington on January 19 (Monday) to attend the event. The sources said the US government had specially invited Zardari for the ceremony, adding he would be one of the few privileged world leaders present on the occasion. Zardari is also expected to meet Obama and discuss matters relating to Pak-US relations, the war against terrorism and other regional and international issues. online
PRESS RELEASE
PRESIDENT ZARDARI ORDERS REVAMPING OF THE ELECTRICITY SECTOR: SALMAN FARUQUI
WORKSHOP ON DEVELOPMENT OF INTEGRATED ENERGY MODELING SYSTEM FOR PAKISTAN HELD
He apprised the participants that Asian Development Bank, IFC and World Bank have agreed to co-sponsor Private Sector Investor Roundtable to attract private financing in Pakistan energy sector. “Pakistan needs private investment of $20 billion in the power sector alone in the next 12 years,” he further said.
Very interesting comments comming from president Zardari today,who has already awarded BGMO with.
BAC is supported by a 20 year power purchase agreement with the Government of Pakistan valued at $ 2,245,000,000 billion US dollars.
ISLAMABAD, Jan 10 (APP): President Asif Ali Zardari has said that climate change and environmental issues had occupied international centre stage because they pose major development challenges that call for concerted action. He made these remarks during a briefing on climate change on Saturday.
The briefing was given by Dr. Ishfaq Ahmad, Chairman of the Task Force on Climate Change and Advisor Science and Technology.
It was attended by Kamal Majidullah, Special Assistant to Prime Minister on Water Resources and senior officers and federal secretaries of related ministries.
The President said that although the global climate change had been a cause of concern for the past several decades but more recently it had drawn attention of world governments, politicians, scientists and economists.
President Zardari said the issue of climate change had created new challenges in energy efficiency, renewable energy, water use, afforestation, agricultural improvement, power generation and even disaster management.
He advised the government to adopt incentive based policies in all these areas for improving agricultural output increasing afforestation and producing low cost, adequate and environmentally clean power.
He said the best way to involve the people in tackling climate change issues was to develop incentive based policies that attracted private entrepreneur and general public.
The President said that climate change was one of those global issues for the tackling of which international assistance was readily available.
He called for identifying the sources of international funding and cooperation to assist the government in areas such as efficient energy mix, increasing yield per acre and optimizing the use of water.
The President said that developing countries like Pakistan would pay a heavy price tomorrow for inaction today. Decisions delayed are not problems avoided but are crises invited, the President added.
President Zardari also called for studies to determine the most efficient, economical and environmentally clean energy mix for Pakistan.
He said that studies carried out in the past in these area should be examined and implemented wherever practicable.
The President also called for following up on the Environmental Protection Act that was passed by the Parliament about 15 years ago, he said.
He said that a strategy should also be devised for educating public opinion in the climate change and environmental issues to help implement the decisions made in these areas.
He said that climate change and degradation of environment was not only a challenge but also an opportunity and advised the government to explore the opportunities it offered.
The President also said that such meetings should be held regularly to review what has been done, what requires to be done and what more can be done.
He also suggested to search for models in other countries that can be emulated in Pakistan.
He particularly identified water scarcity, land use and minimizing damage to environment as the areas where Pakistan can seek and adopt models from other countries.
Earlier Dr. Ishfaq Ahmed in his briefing explained that 8 working groups had been formed with 40 subject specialists on climatology, water, agriculture, energy, international cooperation for financial and technical Support, economies, communication and awareness raising.
He said that most serious challenges for Pakistan due to climate change were the threats to its water security and food security.
Other challenges identified was increased health risks, increase in deforestation, risks to fragile marine and loss of biodiversity.
The Chairman of the Task Force recommended that Pakistan should devise and implement a National Policy and Plan of Action on Climate Change, with Ministry of Environment as the focal point for coordinating these activities.
He also recommended setting up of a National Council on Climate Change to oversee the efforts in all climate change related areas.
Biden Assures Pakistan’s Zardari of Long-Term U.S. Support
Email | Print | A A A
By Khaleeq Ahmed and Farhan Sharif
Jan. 9 (Bloomberg) -- The incoming U.S. administration offers a long, real and broad commitment to Pakistan to support stability and a nascent democracy, U.S. Vice President-elect Joe Biden said.
The U.S. is positive about assisting Pakistan, “its important ally and partner,” Biden said during a meeting with President Asif Ali Zardari, the state-run Associated Press of Pakistan said.
ISLAMABAD (January 10, 2009)
The visiting British parliamentarians on Friday proposed setting up of an international forum in UK to promote Pakistan's interest and image abroad and encourage foreign investors to invest in development projects here. The proposal came during a meeting of the British MPs with President Asif Ali Zardari here.
Source
No my name is not Hillard LOL
This is what the press realease says.
If this deal was finalized,BGMO would trade $10 dollars.
entered into a joint venture proposal to sell, at an agreed price, 70% interest in Bergamo E&A Corp to AES CORP who will have management and construction control.
A IR guy has no clue about what deals,the company is working on,until deals are finalized.only top management would be privy to this info,and it would not be shared with IR until finalized.
Key words
no solar development activities in Pakistan at this time
If this was finalized BGMO would be trading at $10 dollars not.10 cents
WWW.AES.COM
Real shareholders have a look at this website
Your new partner
I do not talk to MORONS
BERGAMO ACQUISITION CORP AGREES TO SELL 70% OF SOLAR POWER PROJECT IN SINDH PAKISTANJan 7, 2009
Pink OTC Markets News Service
Henderson, NV—
BGMO.pk Bergamo Acquisition Corp Agrees to Sell 70% of Solar Power Project in Sindh Pakistan
Henderson, NV - Jan 7th - Bergamo Acquisition Corp (BGMO.PK) has organized a public unlisted corp. BERGAMO E&A CORP. BAC, as project manager of a proposed 500 MGW solar energy project in Pakistan, entered into a joint venture proposal to sell, at an agreed price, 70% interest in Bergamo E&A Corp to AES CORP who will have management and construction control.
BAC is supported by a 20 year power purchase agreement with the Government of Pakistan valued at $ 2,245,000,000 billion US dollars. BAC has formed, in Pakistan, a new corporation known as Shahbaz International Investment and Securities Corp (SII&SC), which will receive transfer of profits from the proposed joint venture agreement with AES Corp. Anticipated profits are projected at 2,430,000 per year based on 200 MGW facilities.
SII&SC has also entered into MOU with Arif Habib Bank to pursue joint ventures within Pakistan.
From Jan to April, 2009 SII&SC will have completed plans for projects as below:
-- LED lighting facility
-- Solar Panel manufacturing facility
-- Water Desalinization
-- Dairy Products
-- License with Japanese company to supply products for distribution in Pakistan
-- Commercial Finance and Factoring Company in Conjunction with Bank.
Arif Habib Bank investment division plans to organize an IPO in Pakistan incorporating all of the above developments. BAC, SII&SC and Arif Habib Bank's objectives thru the IPO are to encourage investiment of US dollars in Pakistan through renewable energy and as described above in a number of other projects.
Please refer to prior announcement dated Jan 5th, 2009 and other announcements regarding Government supports agreements at www.pinksheets.com trading symbol bgmo.
Statements included in this release related to Bergamo Acquisition Corp., Inc., may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the ability to locate additional debt or equity financing on reasonable terms, competitive factors, market demand for the Company's products, and the Company's ability to obtain new orders and fulfill them on profitable terms. Further information on potential risk factors that could affect the Company's financial results can be found in the Company's reports filed with the Pink Sheets News Service.
For more information please contact hillardbergamo@aol.com
Hillard Herzog, President, Bergamo Acquisition Corp, Tel 702 269 0820
Source: Bergamo Acquisition Corp.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not Pink OTC Markets Inc. are solely responsible for the accuracy of such news releases.
< Back
Other News Sources Pub Date Headline
Oct 23, 2008 eMediaWorld.com: Bergamo Acquisition Corp. (Pinksheets: BGMO) receives signed letter of intent
Oct 23, 2008 eMediaWorld.com: Bergamo Acquisition Corp. (Pinksheets: BGMO) receives signed letter of intent
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Jan 5, 2009
Pink OTC Markets News Service
Henderson, NV—
BGMO.pk BERGAMO ACQUISITION CORP SUPPORTING NEW DEVELOPMENTS OF PRIOR ANNOUNCEMENTS
Henderson, NV, Jan 5th, 2009 (bgmo.pk) Bergamo Acquisition Corp a US public Corporation listed on pink sheets exchange has organized a public unlisted Corp in Pakistan Bergamo E&A Corp. Bergamo Acquisition Corp as project manager of a proposed 500 MGW Solar Energy project within the province of Sindh has (Bergamo E&A Corp) entered into a joint venture understanding to sell at an agreed upon price a 70% interest in the said Corp to AES Corp Solar division ( A Publicly Listed Company on New York Stock Exchange. In consideration of a proposed 2 billion US dollar investment and construction and management contract to extend for a period of 20 years for 500 MGW Solar power facility, with understanding to expand the facility as necessary.
Bergamo Acquisition Corp supported by Government of Pakistan contracts power purchase agreements PPA 200 MGW for 20 years supports valuation of 2,245,000,000. Bergamo Acquisition Corp within the framework of the above has formed a new corp Shahbaz International Investment & Securities Corp and has agreed to transfer the profits of its 30% interest received as result of its proposed joint venture agreement with AES Corp to Shahbaz International Investment & Securities Corp.
Profit from the proposed joint venture agreement with AES Corp will be transferred to Shahbaz International Investment & Securities Corp. Anticipated profit projected at 2,430,000 per year for 10 years. Shahbaz shares to be divided between the parties as project proceeds. Shahbaz International Investment & Securities Corp has entered into a MOU with Arif Habib Bank Pakistan to represent Shahbaz as proposed in the MOU and its mission statement. Shahbaz in addition to proposed interest with AES Corp. is intrested in persuing other joint Venture projects within Pakistan and to that end has engaged with Arif Habib Bank and third party investment groups interested in the following projects in which it is currently or has organized necessary business plans and is in negotiations to complete financial arrangements for foreign investment in excess of 1,000,000,000 Dollars.
Within the period of Jan-April 2009 Shahbaz will have in place completed plans for the further projects a). Led Lighting Bulbs manufacturing facility b). Proposal to construct a Solar panel Manufacturing facility c). Water Desalinization projects and d). Dairy projects e). Joint Venture with Japanese Company to supply two products for distribution in Pakistan, A trail of these products now going forward f). interest in commercial finance and factoring company in the United States.
Shahbaz in conjunction with Arif Habib Bank investment division to organize I.P.O Incorporating all of the above.Thru its varied interest Joint Ventures in BAC, Bergamo E&A Corp and Shahbaz Arif Habib Bank Division the objective of the parties is to bring to Pakistan investment of 3 billion US Dollars. A major investment in renewable energy, which will eliminate the necessity of Pakistan importing oil and borrowing funds to purchase the imported oil and to reduce the energy required presently thru the use of fossil fuel.
Statements included in this release related to Bergamo Acquisition Corp., Inc., may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the ability to locate additional debt or equity financing on reasonable terms, competitive factors, market demand for the Company's products, and the Company's ability to obtain new orders and fulfill them on profitable terms. Further information on potential risk factors that could affect the Company's financial results can be found in the Company's reports filed with the Pink Sheets News Service.
For more information please contact hillardbergamo@aol.com
Hillard Herzog President
For Bergamo Acquisition Corp Tel 702 269 0820
KARACHI (January 02, 2009)
The country's liquid foreign exchange reserves surged by some 227 million dollars during the last week. The total liquid foreign exchange reserves held by the country stood at 9.662 billion dollars on December 27, 2008 as compared to 9.435 billion dollars on December 20, 2008.
FAISALABAD (January 01, 2009)
The severe loadshedding of electricity has reached up to 22 hours in most parts of the Industrial City, which irked industrialists, powerloom owners and workers, civil society members to come on the streets and protest against Fesco and Ministry of Power.
ISLAMABAD (January 01, 2009)
President Asif Ali Zardari on Wednesday said that privatisation process would be carried out through a consultative process with all stakeholders
ISLAMABAD (January 01, 2009)
Pakistan will receive $500 million from China by January 4 or 5, and would also avail $500 million tranche during this quarter (January-March), says Advisor to PM on Finance Shaukat Tarin. He said that the government stock market fund would start buying in market from next week.
Dear Reader,
If you caught Meet The Press this past Sunday, you likely heard political advisor, David Axelrod say that he and Obama have discussed a stimulus package that could cost as much as $775 billion.
I know, these numbers change every day. But not by much.
Bottom line: Nearly $1 trillion will be spent.
And while we can't be certain exactly where all that money's going - we do know one thing...
At least $150 billion will be funneled into renewable energy.
The President-elect, and his congressional choir of renewable energy-loving Democrats AND Republicans already have this one locked and loaded.
And any investor who isn't properly positioned in renewable energy right now, is an absolute fool.
No matter how you slice it, solar, wind, and geothermal stocks are going to explode before the moving trucks even pull up to 1600 Pennsylvania Ave.
And if you don't believe
Pak weather, lower labour cost ideal for solar energy: US expert
KARACHI, Dec. 25 (APP): Chief Executive Officer, eSolar Company of United States, Asif Ansari has underlined the need for due exploitation of Pakistan’s big potential of solar energy.
“ Pakistan having mostly sunny days is an ideal of solar energy,” he remarked during his presentation on solar energy as viable alternative source of energy, the related issues and the possible solutions to members of Federation of Pakistan Chambers of Commerce and Industry , on Wednesday here at Federation House.
Among other senior businessmen, FPCCI Vice Presidents Zubair Tufail and Khursheed Ahmed Gogezai , Chairman , FPCCI Standing Committee on Alternative Energy Development, Khurram Sayeed , FPCCI Secretary General , MA Lodhi, Media Manager Shoab Ansari were present.
The solar energy , which is targeting market potential, will change global dynamics of energy.
He noted that Pakistan has very good weather, with very sunny days. The people here should taken advantage from this great natural gift.
“ Solar energy will become a reality even in Pakistan,” he asserted
BEIJING (December 27, 2008)
China is keen to help boost Pakistan's economy with closer co-operation in the fields of hydropower generation, hybrid seed development, irrigation and water conservancy.
Source: Business RecorderLAHORE (December 27, 2008)
As many as 113 trucks carrying various items crossed into Pakistan from India through Wagha border on Friday. According to the Customs authorities deputed at Wagha Border, out of these 113 trucks, 10 were carrying biscuits donated by India under Unesco' World Food Programme for Afghanistan. Rest of the 103 trucks was carrying potatoes, tomatoes and onion.
Source: Business Recorder
KARACHI (December 26, 2008)
Chief Executive Officer, eSolar Company of United States, Asif Ansari has underlined the need for due exploitation of Pakistan's big potential of solar energy. "Pakistan having mostly sunny days is an ideal of solar energy," he remarked during his presentation on solar energy as viable alternative source of energy, the related issues and the possible solutions to members of Federation of Pakistan Chambers of Commerce and Industry, late on Wednesday here at Federation House.
THIS IS GREAT NEWS FOR BGMO SHAREHOLDERS
You really are a MORON WHO KNOWS NOTHING,WITH NOTHING INTELLIGENT TO POST.
Also happy Hanukkah
GLTA
Merry Christmas to all the real BGMO shareholders,Hillard has had two very good trips to Pakistan in last six weeks.2009 will be a incredible year for BGMO shareholders,look for lots of news comming out soon.
PS do not listen to the morons posting on this board,as Cramer would say THEY KNOW NOTHING!!!!
GLTA
You will be able to buy a new one by christmas,
Pakistan: Waqar
ISLAMABAD, Dec 13 (APP): President Asif Ali Zardari wants to give a corporate image to Pakistan and he himself is visiting different friendly countries to win their confidence. “The ministry has been created to (realise) his vision and ensure return of investment. We are not seeking any financial relief directly and this was not the thrust of President Zardari’s visits to different countries. We are immediately looking at deferred oil payments from Saudi Arabia and UAE to get some economic relief”, Federal Investment Minister, Senator Waqar Ahmad Khan said in an exclusive interview with the Gulfnews.com.
Senator Waqar said that Pakistan is creating a special task force to protect investment and provide security to potential investors in the country.
The Task Forces, he said comprises officials from the ministries of interior, defence, investment and finance.
He added the task force will “protect investors round the clock”, Senator Waqar said the new Ministry of Investment has been created to safeguard investor interests.
He unveiled his plans to lure investment to bail out Pakistan from the economic crisis.
He said the target is to get US $20 billion in foreign investment by the end of 2009.
Replying to a question, he said for protection of investors and their investments, the government is aware of the security concerns and that is why “we are creating a special task force to protect investors and [their] investment”.
When asked that how much investment is needed to boost economic activity and how much he expects to receive in one year?, he said “We need more than US $ 40 billion of investment and our target is to get US $20 billion investment by the end of 2009. We are very optimistic to achieve it”.
Senator Waqar Ahmed Khan said that “Our president is concentrating on good governance and to facilitate the investors, we have proposed to the government that the Ministry of Investment will be the facilitator [of projects] and for inter-provincial coordination, federal government coordination and for the coordination of information before an investor comes into the country to ensure a successful trip.
“It is a win-win and we mean business”, he remarked.
Replying to another question, he said that continuation of policies has been a major concern for investors. Now we have a democratic government and we have proposed legislation to ensure continuation of projects even if there is a change of government.
The Minister for Investments said that Pakistan, currently, is the best place to invest. What is happening in the world is not happening in Pakistan because our economy is not highly governed by debts and we do not have a liquidity market.
He added that Pakistan’s infrastructure interests still have high returns.
“We are not worried about the meltdown in the world”, he remarked.
When asked about priority areas for investment, the Minister said that Pakistan is open for investments in any field.
“But our priority areas are oil and gas, energy, food, agriculture, information technology and infrastructure”, he remarked.
Regarding the incentives being offered by Pakistan to the investors, he said that hundred per cent repatriation of money has been ensured.
He added that special commercial zones have also been created for investors.
“We also give five-year tax exemption for investors and ten years of tax exemption to investors who help us set up a commercial zone. There are also customs duty and general sales tax exemptions on certain items”, he remarked.
He said “We are also looking for investors who are able to enhance our existing infrastructure. We are the fifth largest milk producer in the world but 70 per cent of it does not reach the market. We need people to exploit this huge market. We are also focusing on public-private partnerships to develop our infrastructure”.
Regarding the your specific plans of the government to attract investors, he said that government is working on rebuilding the image of Pakistan.
He added that a massive media campaign will be launched soon to lure investors.
Senator Waqar said that the new Ministry of Investment would ensure quick and safe investments.
“We will ensure one-window operation as all problems an investor faces will be solved by this ministry. We have already introduced a toll free number for quick response and to avoid red-tape. In future, there will be no problems for investors”, he remarked.
[ Back ]
Launch party for BGMO has started,stay tuned
ABU DHABI, Nov 24: President Asif Ali Zardari and United Arab Emirates President Sheikh Khalifa bin Zayed Al Nahyan have expressed their resolve to upgrade and strengthen bilateral ties, particularly in the fields of trade and economy.
President Zardari, who had arrived here on Monday on a two-day official visit, held wide-ranging talks with the UAE leader.
The talks focussed on establishing a comprehensive strategic and economic partnership. Regional and international issues were also discussed.
During their one-to-one meeting, the two leaders agreed on the need to expand and strengthen cooperation in various fields.
Talks held at the delegation level focussed on encouraging public and private sector investments from the United Arab Emirates in joint ventures in the fields of energy, agriculture, construction and infrastructure development.
Minister for Investment Waqar Ahmed Khan said on Friday that the government was preparing a comprehensive and multi-pronged investment strategy for enhancing foreign and domestic investments in the country. The minister said that Pakistan offers investment friendly environment for the investors with tremendous potentials in various fields of the economy.
President-Elect Obama, a proponent of solar energy,
will help the industry grow. . .
135% in the Next 5 Years
President-Elect Obama, a proponent of solar energy,
will help the industry grow. . .
135% in the Next 5 Years
Zardari calls Clinton, gets support for the $15 bln package
Updated at: 0120 PST, Saturday, November 15, 2008
NEW YORK: President Asif Ali Zardari Friday called Senator Hillary Clinton on telephone who has emerged as a choice of President-elect Barack Obama for the US Secretary of State.
The President, now in New York to attend the dialogue on interfaith harmony, said Pakistan was striving for peace in the region and its nascent democracy needed support and cooperation of the international community to confront several challenges it was facing.
Hillary Clinton, a senator from New York, extended full support to President Zardari for $15 billion assistance under the Biden-Lugar bill for the next ten years as a long-term engagement with Pakistan.
Hillary Clinton said the United States of America was keen to see the economic and social uplift of the people of Pakistan and the new US administration and the Congress would work together to attain that objective.
The US media reported Clinton was the top contender for the slot of U.S. Secretary of state, following her meeting with President-elect Barack Obama on Thursday to discuss her role in the new administration.
Solar Forecasts Remain Strong
Given the rosy growth forecasts for the future of the solar industry, the recent sell-off is both illogical and irrational.
Just consider the following raw data offered by Forbes in a recent feature article:
the crystalline silicon-based solar market will grow from a 3.5 gigawatt market today to a 13.8 gigawatt market in 2013, a growth of 294% in the next four years
the amourphous silicon market will grow from 550 MW today to 2.8 GW in 2013, a growth of 409% in the next four years
the cadmium telluride (CdTe) market will grow from 480 MW today to 2.4 GW in 2013, a growth of 400% in the next four years
the thin film market based on CIGS and CIS, copper indium gallium selenide and copper indium diselenide, respectively, is will grow from a 41.3 MW market today to 1.2 GW in 2013, a growth of 2,806% in the next four years
To be clear, each of the main four solar sectors is predicted to grow at least 294% over the next four years. The fastest growing sector, CIGS and CIS, will grow an astounding 2,806%.
Traditional energy sectors look like children's playthings when considering this type of growth.
Per the IEA's recent World Energy Outlook, oil demand will grow to 106 million bpd up from 85 million bpd this year.
That's a 25% increase over the next 22 years. Solar is offering no less than 294% and as much as 2,806% in the next FOUR!
Where do you want your money to be?
What's more, that 25% increase in oil demand won't even be able to be met with traditional black gold. We'll be well past the peak by then. So a portion of oil's future demand will have to met by renewables.
Even better, the IEA report also said that "Renewable energy. . . such as solar. . .will overtake [natural] gas to become the second largest source of electricity behind coal by 2015."
The situation couldn't be any more clear.
The time is now to invest—and invest heavily—in renewable energy technologies. They're certain to be the companies powering the globe for many decades to come.
Solar Companies' Stocks: Time to Buy
That's why I sent a special alert to
By Chris Nelder | Thursday, November 13th, 2008
After some six months of leaks and previews, the long-awaited World Energy Outlook report from the International Energy Agency (IEA) is finally out. And in many ways, it is the bombshell we expected.
The agency struck a new tone of urgency in the report, as it sharply reduced its outlook for the growth of world oil production.
The opening paragraph was blunt and on the mark:
The world's energy system is at a crossroads. Current global trends in energy supply and consumption are patently unsustainable - environmentally, economically, socially. But that can - and must - be altered; there's still time to change the road we're on.[1] It is not an exaggeration to claim that the future of human prosperity depends on how successfully we tackle the two central energy challenges facing us today: securing the supply of reliable and affordable energy; and effecting a rapid transformation to a low-carbon, efficient and environmentally benign system of energy supply. What is needed is nothing short of an energy revolution.
For the first time, the IEA included in its
Zardari to woo Obama during UN visit
By Farhan Bokhari in Islamabad
Published: November 13 2008 02:14 | Last updated: November 13 2008 02:14
Asif Ali Zardari, the Pakistani president, on Wednesday attended an interfaith conference at the United Nations but went with a broader goal. Pakistani officials want him to reach out to key figures in the next US administration following the election of Barack Obama.
Zardari in New York for global dialogue on religion, culture
By Khalid Hasan
WASHINGTON: President Asif Ali Zardari will join scores of world leaders at the United Nations this week as part of a global dialogue about religion, culture and common values.
Zardari arrives in New York on Tuesday accompanied by a five-member delegation, including Foreign Minister Shah Mehmood Qureshi.
More than 54 heads of state and government, foreign ministers and senior officials have so far confirmed that they would attend the two-day ‘High-Level Meeting on Culture of Peace’.
Opening Wednesday, the meeting would be addressed by President George Bush on Thursday. King Abdullah of Saudi Arabia, at whose initiative this gathering of world leaders is taking place, will lead his country’s delegation.
http://www.stockvest.com/
Bergamo Acquisition Corp
OTC: BGMO
Bergamo Acquisition Corp having had long association with the Political and Economic structure of Pakistan for many years has been contacted thru Pakistan Government Offices to investigate the positioning of a Solar Energy Facility in Pakistan.The company has receive two letters of proposal from the Goverment Agency involved in connection with establishing this project.
BGMO DataPort
November 07, 2008
COOPERATION IN SOLAR ENERGY PROJECTS IN PAKISTAN.
Dear Sir,
We take this self-given opportunity to introduce SOLARAGE TECHNOLOGIES (PRIVATE) LIMITED a Group Company of NEWAGE GROUP. We are a Group of Consultants actively engaged in Power Sector Projects in Pakistan. We have a team of Professionals specializing in the Power Generation. Members of our team have decades of extensive experience in their respective fields in the Sector. Our experts are well conversant with the Power Policies, procedures and technicalities particularly from IPP point of view. We are well placed in Pakistan and are based in Islamabad having good connections with all functionaries related to Power Sector at highest level.
Due to continuous Shortage of Electricity in Pakistan, we have started thinking of Alternatives like SOLAR ENERGY to be workable solution to meet up the growing Electricity demands for Residential / Commercial Buildings and also Larger Power Projects as an Independent Power Producers (IPP) in Pakistan. We are of the view that there is a future; where solar power will be an essential component of the global Power Generation mix. We are particularly interested in Companies like you and we would like to introduce your Technologies in Pakistan. Our main interest in Thermal Concentrating Solar Power (CSP) Systems and any other Proven Technology in Solar.
We are very keen to cooperate with any esteemed organization on along term basis for SOLAR ENERGY in Pakistan. We would appreciate if you kindly let us know about your interest to cooperate with us.
We are looking for Reputable Foregn Companies to represent in pakistan and to become Local Partners / Representatives for Pakistan.
We are particularly interested in Solar Systems:-
1. Solar System for Home;
2. Solar System for Commercial Use.
3. Solar for Street Lights;
4. Solar for Geysers.
5. Solar For Solar Power Projects from 10-100 MW capacity