Saying No' to Foreign Direct Investment in Wind Power Generation Sector by Attracting Indigenous Entrepreneurs: A Step towards Self-reliance

Jawaid Ahmed Qureshi, Muhammad Waqas Waqas and Shahid Qureshi
Additional contact information
Jawaid Ahmed Qureshi: Shaheed Zulfikar Ali Bhutto Institute of Science and Technology, Pakistan,
Muhammad Waqas Waqas: Shaheed Zulfikar Ali Bhutto Institute of Science and Technology, Pakistan
Shahid Qureshi: Institute of Business Administration, Karachi-Pakistan.

International Journal of Economics and Financial Issues, 2018, vol. 8, issue 3, 284-295

Abstract: Pakistan opened its gates for foreign direct investment (FDI) in 1970s. The power sector was regulated by government itself. Considering public sector limitations and energy shortfall, later in 1994, Pakistan allowed independent power producers (IPPs) to install private power projects by providing them one-window operations through Private Power Infrastructure Board (PPIB). After realizing alternative renewable energy resources (wind, solar, biogas, and small hydel projects up to 50 megawatt), Pakistan established Alternative Energy Development Board (AEDB) with plan to install projects with alternative renewable energy (ARE) technologies by 2030 to produce up to 5% of total national power generation capacity. Pakistan has provided various incentives to attract investors including FDI. This qualitative inductive study focuses on to identify the indigenous potential of entrepreneurs and adopting a policy of self-reliance in wind power sector to avoid dependency on FDI. The sample is drawn from wind power projects/companies for conducting semi-structured interviews with open-ended questions. The participants' views were converted into five broad themes. It was found that establishing wind power project is easy to install and it necessarily not relies on FDI, but rather policy framework is required to attract indigenous entrepreneurs, which will ultimately lead to self-reliance and overall sustainable socio-economic development.

Keywords: Foreign Direct Investment; Wind Power/Alternative Renewable Energy; Entrepreneurship; Self-reliance (search for similar items in EconPapers)
JEL-codes: F21 L26 Q2 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econjournals.com/index.php/ijefi/article/download/6320/pdf (application/pdf)
https://www.econjournals.com/index.php/ijefi/article/view/6320/pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2018-03-34

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().