He also put emphasis on protecting environment while generating energy to meet the increasing demand for energy in the country.
KCCI President was speaking at 'Management Awareness Training Session on Renewable Energy and Energy Efficiency' organized by United Nations Industrial Development Organization (UNIDO) here, said KCCI statement on Tuesday.
He said that Pakistan had large and economically viable resources for energy generation in wind, solar, biomass, waste, geothermal and hydel power and only proper utilization was needed. Renewable energy was a viable option for enhancing access to energy at energy intensive sectors and businesses like SMEs.
Malik said that by shifting to renewable energy sources for power generation, industries could generate sufficient electricity for their own use and avoid fuel price volatility. They would sell the excess electricity through the grid.
Sindh Special Secretary of Energy Department Rashid Hussain Qazi spoke on the importance of using the renewable energy resources in the country like solar, wind and hydro. He applauded UNIDO for its efforts to promote the inclusive and sustainable industrial development (ISID).
National Project Coordinator for Sustainable Energy Initiative for Industries in Pakistan, Masroor Ahmad Khan highlighted UNIDO's contribution to sustainable development goal No. 9 under the policy of ISID.
He briefed the participants on the key features of the project and emphasized their importance at a time when new opportunities were arising in the country.