Pakistan encourages investment in energy sector: Federal Minister for Water and Power

Islamabad: Federal Minister for Water and Power, Syed Naveed Qamar has said that Pakistan is extending maximum facilitation to the Chinese entrepreneurs working in Pakistan and is encouraging them to invest in the energy sector, says a press release Beijing here on August 01, 2011.

The Minister was talking to the Administrator of National Energy Administration (NEA) of China’s National Development Reform Commission, Liu Tienan who received him at the Diaiotai State Guest House here this evening.

Syed Naveed Qamar said the issue of energy shortage is of topmost importance for the Pakistani people. He hailed the idea of forming the Pakistan-China Joint Economic Working Group (JEWG), which, he said, can be an ideal platform where all energy related issues can be brought for discussion and speedy implementation.

Mr. Tienan informed the Minister about the working of NEA and expressed the confidence that the JEWG would provide a good opportunity to search for solutions to meet energy shortage in Pakistan.

The two ministers decided that JEWG would act as a platform to create a mechanism for the early implementation of Pakistan-China energy projects. The meeting agreed that the existing energy projects would be consolidated, efforts would be made to expedite their completion and to arrange their financing. The energy working group would also study the future energy requirements of Pakistan and submit proposals for their implementation.

The Pakistani delegation included Pakistan’s Ambassador to China Masood Khan, Chairman WAPDA, MD PEPCO, Chairman AEDB and MD PPIB.

Earlier, in a separate meeting with the Board Chairman of Sino Hydro, Corporation, Mr. Huang Bao Dong, the Minister discussed matters related to the construction of Gomal Zam, Darawat and Diamer-Bhasha Dams.

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