LAHORE: The world’s largest privately held insurance brokerage firm, Lockton MENA, has organised a seminar titled ‘Renewable Energy and Power – Managing Project Risk Finance to provide insurance and risk management solutions, in conjunction with Fidelity Insurance Brokers (FIB) – Lockton’s network partner in Pakistan.
Pakistan Board of Investment (BOI) Secretary Syed Iftikhar Hussain Babar also attended the event. Addressing the event, Iftikhar highlighted the importance of such deliberations at a time when the country was faced with severe energy crisis and the present government was making all-out efforts to add 10,000 MW in the national grid by 2025.
Babar said that the growth of renewable energy projects in Pakistan will contribute in balancing the energy mix of the country, which at present was heavily dependent on thermal generation.
Insurance and risk management requirements for renewable energy projects were discussed thoroughly in a daylong seminar in Lahore, featuring leading international project finance risk insurance specialists for the first time in the country. A large number of local and international investors in renewable energy sector also attended the moot.
