Beijing: Water & Power Development Authority WAPDA Chairman Shakeel Durrani says twelve new hydro power projects were discussed in Pakistan-China Joint Energy Group JEWG meeting here on August 1-2, 2011.
Durrani who was member of Pakistan delegation led by Water & Power Minister Syed Naveed Qamar, said of these projects WAPDA has six, three from private sector and three additional in which Chinese can invest or also work as contractors for civil, electrical, mechanical works.
“At JEWG meeting we also discussed alternate energy and coal fired projects. Pakistan has largest coal reserves in Thar, Sindh. Sindh government and Engro wish to develop 1200MW coal based power project at Thar. We discussed Thermal power and laying transmission line projects. There is vast scope for Chinese companies to work in Pakistan and its investors to make investment in energy projects,” he stated.
Durrani said Exim Bank & China Development Bank provided Pakistan loans to finance projects including in energy sector in the past. “We are also discussing terms of financing, interest rate and repayment of loans. China will continue to do so in future. Interest rates differ from project to project.”