Power Generation: Delegation seeks Korean investment

Delegation seeks Korean investment in energy and transport sectors.

KARACHI: Chief Minister Qaim Ali Shah is currently heading a Pakistani delegation of officials and business representatives to South Korea, to attract investment in Sindh.

The delegation primarily aims to draw Korean investment to Sindh’s underdeveloped and crisis-ridden energy sector. A delegation official said that the Sindh Board of Investment will sign an agreement for cooperation with the Korea Southern Power Co. for a wind turbine system on Friday.

Korean firm Hyundi Heavy Industries has already been contracted to provide the wind turbines. “Sindh province has the main port of Pakistan. We have resources, but they need to be properly exploited,” the chief minister told The Korean Times.

The delegation is also seeking investment in the public transport system. There are ongoing talks for potentially building Karachi’s mass transit system.

Korean firm Deokjae Construction is already working on road expansion in Sindh.



Published in The Express Tribune, May 19^th, 2011.