Sindh seeks Chinese investment in energy, infrastructure development

Karachi: Chinese Consul General Mr. Yan Jianming called on Chairman Sindh Board of Investment (SBI) Muhammad Zubair Motiwala to offer the services with regards to projects in pipeline for Chinese investment in Sindh.

A detailed presentation with regards to MoUs and agreements signed between two countries during the visit of high power Pakistani delegation was made during the meeting. These include agreements signed with Energy Giants M/s China Three Gorges and United Energy Group (Orient Group). These MoUs related to establishment of Coal Power Projects by China Three Gorges Corporation (4000 MW from Thar Coal and 300 MW at Sondha District Thata), Development of 1000 MW Wind Power Projects by China Three Gorges Corporation, Development of Wind Turbine Generators (WTGs) Manufacturing facilities by China Three Gorges Corporation and Development of 150500 MW Wind Power and Other Investment Projects in the province by United Energy Pakistan Limited.

It was requested to Chinese envoy to look into ready projects including 15 projects which are complete in all manner of documentation, where the immediate investment of Chinese can come.

Availing the opportunity Chairman SBI Muhammad Zubair Motiwala briefed Mr. Yan Jianming about the Shovel Ready projects offered by government of Sindh under Public Private Partnership mode which include infrastructure development, development of recreational resorts at Gorakh hill and Keenjhar Lake, mass transit and solar energy street light projects in Karachi. Development of Special Economic zone for Chinese Companies was also discussed, where Chinese firms will be allocated a dedicated zone with their own bylaws, rules and regulations.

Consul General of China discussed the problems faced by Chinese investors in Karachi. Zubair Motiwala assured for all possible assistance to resolve the problems of Chinese investors working in Sindh.

Meeting was scheduled to review the progress in the backdrop of the visit of the investment delegation to Peoples Republic of China headed by Speaker Sindh Assembly Nisar Ahmed Khuhro in the month of November 2011. Secretary Investment Younus Dagha briefed Mr. Yan Jianming about the details of the successful visit to China, which was hosted by Chinese Peoples Institute of Foreign Affairs (CPIFA).

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