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Chinese Company keen to invest in 1100 MW Hydro Power projects: Minister

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Chinese based Hydro Power company “Sino Hydro Corporation” has expressed its keen interest to invest million dollars

Minister for Power and water Raja Pervez Ashraf has announced that a Chinese based Hydro Power company “Sino Hydro Corporation” has expressed its keen interest to invest million dollars investment in Pakistan by constructing 1100 MW Kohala Hydro Power pro.

While talking to a five member delegation of Sino Hydro Corporation here on Thursday, the Minister said that the Government was committed to remove all barriers to facilitate the foreign investors in Water and Power Sector, as there were greater opportunities in this sector and the foreign investment in hydel power generation will also help to meet country’s future power requirements at affordable prices.

Earlier the delegation members of Sino Hydro Company also gave a detailed presentation to the Minister on their ongoing projects and briefed him on their expertise in the construction of hydropower projects and further informed that their company is working on 156 hydropower projects in various countries of the world.

The Minister further reiterated on the occasion that the Government will provide complete assistance to the Chinese Companies to invest in this sector and stated that confidence of the foreign Investors would gain new heights and economy would be made more stable through adopting rationale policies by removing hindrances in the power sector.

Later the Minister also expressed his deep sorrow and grief over the tragic death of Chinese engineer, who died while working in the Gomal Zam dam project last month.

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