Pakistan welcomes Chinese investment in energy projects: Naveed Qamar

Investment Oil, Gas and Power

ISLAMABAD –– Pakistan has great potential and vast opportunities of investment in the hydel, wind and solar energy projects and would welcome and facilitate the Chinese investment in this sector.

This was stated by the Federal Minister for Water and Power, Syed Naveed Qamar while talking to a seven member Chinese delegation lead by RenAiqun, Chairman of China Guodian Electric Company who called on him April 22, 2011, in his office.

The Minister while appreciating Chinese interest in the power sector asked to submit their detailed business plan and identify the priority projects to put their capital. He asked the delegation to hold their meetings with Wapda, PPIB and AEDB in this regard.

He assured them the government will support and facilitate them as the country has dire need of power generation to meet its future needs. He also offered them to specially consider investment in the wind power generation as the company itself is also manufacturer of the wind power turbines and other related equipment. Coal sector has also big potential for power generation, the minister mentioned.

The leader of the delegation said that the company is the second largest company in China and has expertise in the wind, solar and hydel power generation. The company is interested to invest in the power sector and supply of power plants and other related equipment to Pakistan as the manufacturers. She said that the company has planned to invest 100 % in the small and medium projects and also ready for joint ventures with Wapda. She also discussed the option of  BOOT for the hydel and wind power generation.

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