Bergamo Acquisition Corp. (BGMO)

[Greengo]

Pakistan’s economy is growing, and with this growth comes higher energy consumption and stronger pressures on the country’s energy resources. At present, natural gas and oil supply the bulk (80 percent) of Pakistan’s energy needs. However, the consumption of those energy sources vastly exceeds the supply. For instance, Pakistan currently produces only 18.3 percent of the oil it consumes, fostering a dependency on imports that places considerable strain on the country’s financial position. On the other hand, hydropower and coal are perhaps underutilized today, as Pakistan has ample potential supplies of both.

The need to address Pakistan’s present and prospective energy requirements was a topic of discussion during President Bush’s visit to Pakistan earlier this year. The joint statement issued by the U.S. and Pakistani presidents at the conclusion of the Bush trip committed the two countries to working together “to develop public and private collaboration on a broad range of energy sources