News
PM seeks foreign investment in power sector
APPISLAMABAD - Prime Minister Nawaz Sharif on Wednesday said that his government was working on several short and long term projects for power generation and welcomes the keen interest of foreign investors in the key sector.
He was talking to a delegation of China Three Gorges Corporation who called on the prime minister prior to inking of two Memorandam of Understanding here at the PM House. The prime minister said that his government was offering public private partnership on equity basis on several of the on-going and future power projects as it seriously wants to put an end to power crisis that was having a negative impact on country’s agricultural and industrial growth. The delegation informed the prime minister of the various projects it was working on in Pakistan and its future plans. China Three Gorges Corporation (CTG) - a state-owned enterprise of Government of China was owner operator of the world’s largest hydropower project - Three Gorges Project with a total installed capacity of 22,500 MW.
CTG was investing in Pakistan and has created an investment arm called CWE Investment Corp. (CWEI), CWEI Hong Kong Investment Company (CWEI HK) and China Three Gorges South Asia Investment Limited (CTGSAIL).
Courtesy www.dailytimes.com.pk