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ISLAMABAD: Pakistan and Turkiye on Thursday signed three MoUs aimed at enhancing institutional collaboration, technical cooperation and knowledge sharing in the power sector during high-level consultations held in Istanbul.
The agreements were signed as part of ongoing cooperation between the two brotherly countries in the energy sector, according to the Ministry of Energy.
The MoUs were signed between Pakistani and Turkish energy sector entities, Independent System and Market Operator (ISMO) and Energy Exchange Istanbul (EPIAS), ISMO and the Turkish Electricity Transmission Corporation (TEIAS), and the Power Planning and Monitoring Company (PPMC) and the Turkish Electricity Distribution Corporation (TEDAS).
The agreements establish formal frameworks for cooperation in areas including post privatisation governance framework, electricity market development, ancillary services regulations formulation, power system operations, transmission planning, distribution sector management, digitalisation, capacity building, institutional strengthening, and the exchange of technical expertise.
