China offers to construct 1100 MW Kohala Hydropower

ISLAMABAD (APP) -- Federal Minister for Water and Power, Raja Pervez Ashraf has said the government would facilitate and provide investors friendly environment to the Chinese and all foreign investors to attract investment in water and power sector in Pakistan.

He said that Chinese interest to invest in the hydel power generation projects will help meet the country’s future power requirements at affordable prices.

The minister made these remarks while talking to a six member delegation of Chinese companies namely China International Water and Electric Corporation (CWE) during a meeting held here in the ministry. Adviser to Ministry, Additional Secretary and senior officials of the Ministry and Wapda participated.

The minister said that Chinese investment in Pakistan will strengthen the bonds of everlasting Sino-Pak friendship. He said that Pakistan has always admired Chinese skills and felt comfortable working with them.

Earlier, the Vice President of CWE, Wang Shaofeng gave a detailed presentation to the minister on their ongoing projects and briefed him on their expertise in the construction of hydropower projects.

The company showed interest to make million dollars investment in Pakistan by constructing 1100 MW Kohala Hydropower project on BOT basis. They also informed that the company has completed 600 projects in 60 countries of the world.

The company has completed 17 projects in irrigation, thermal, water control, highways sectors in Pakistan. It has also completed two hydropower projects in Pakistan.

The minister appreciated their interest to invest in the hydel power generation and said that international consultants have been appointed for detailed engineering, designs and tendering documents for Kohala Hydropower project, which are in final stages.

He said that the government will consider the proposals of the Chinese companies for this very important project.

He said that the government will provide complete assistance and data information related to the hydel projects to the Chinese companies which are interested to invest in this sector.

He stated there is favorable business environment in Pakistan and confidence of the foreign investors would gain new heights and the economy would be made more stable through adopting rationale policies to remove all hindrance and bottlenecks in this respect.

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