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BEIJING: A prominent Chinese power generating
entrepreneur has said that it will make investment to the
tune of $ 1.7 billion for generating low cost hydel electricity
in Pakistan.
The assurance for investment was given to President Asif Ali
Zardari when a delegation of China International Water and
Electricity Corporation (CWE) held a detailed meeting with
him here on Friday.
“We just met with President Asif Ali Zardari and the
talk focused on Bhasha and Kohala Dams”, said Deputy
General Manager of CWE Jin Zheping, said talking to media
after meeting the President here at State Guest House.
Jin said for Bhasha Dam CWE was developing concept with Chinese
Hydel power generating groups and also with WAPDA as it is
a gigantic project. He said the MoU in this regard has already
been signed.
Jin pointed out that President has shown high vision on cooperative
relations in economic sector between the two countries. The
CWE Deputy General Manager said the President has assured
that he will particularly welcome Chinese entrepreneurs for
investment in Pakistan.
President Zardari specially mentioned that he will steer China-Pakistan
trade economic cooperation to encourage Chinese companies
to invest and come to Pakistan for setting up of various projects.
CWE has been working on water resources and hydropower engineering
for over 50 years. Over the years, the Company has been active
in international contracting, foreign economic aid, international
trading and manpower export sectors. CWE is recognized one
of the major state-owned enterprises in China.
By the end of September 2007, the company has completed over
600 international contracts in more than 60 countries and
regions.—Agencies |
