This was said by Dr Myung-Pil Shim, Minister for National Restoration of Republic of South Korea during a meeting with the federal minister for Water and Power, Chaudhry Ahmed Mukhtar on Monday. The meeting was also attended by the special secretary, additional secretary, joint secretary (water) of Ministry of Water and Power, chairman Water and Power Development Authority (Wapda), Private Power and Infrastructure Board (PPIB), chairman of Federal Flood Commission and other senior officials of the ministry and Wapda.
Shim said that Korean companies were already working on different water and power projects and more investors expressed their intent to invest in the country. Korea possessed expertise in the field of flood mitigation and were interested to share their experiences and technical knowledge with Pakistan. He also discussed various issues of mutual cooperation to enhance economic ties between the two countries. Later, a presentation on ‘Four River Restoration Project’ was given by the Korean delegation regarding flood protection and river management.
While welcoming the delegation, Mukhtar appreciated the Koreans for showing their interest to invest in the power sector. He said that Pakistan had great potential in hydropower generation and 59,000 megawatts (MW) of potential energy was identified in existing hydel power projects. Pakistan was now focusing on indigenous resources to generate cheap electricity. The work on a number of hydropower and water storage projects was in progress. The Koreans were also offered to invest in the Neelum-Jhelum hydropower projects of 969MW and Diamer-Bhasha dam project of 4,500MW.
Published in The Express Tribune, August 28th, 2012.
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Excellency Honorable Dr. Myung-Pil Shim Minister of National Restoration, Republic South Korea Your visit, interest in the water resources, flood control, water reservoirs, hydel power, are extremely important in Pakistan. The know how of the Republic of South Korea in reference to power generation, flood control, water resources, will be in the interest of the people of Pakistan where the capital markets are open for investment in the projects. Today our bourses, stock markets are booming with very high returns. Foreign Direct Investment from South Korea with joint ventures, partnership from the public company which could possibly be formed by your Government with local equity participation. As you've seen the Governmental support, enthusiasm is already there on your visit by the Government of Pakistan, and related bodies. It would be fairly positive response for the IPO if launched in Pakistan to your projects will be greeted by the investors, whether Koreans or Pakistanis.
Khuda ke lye ..kuch ker loo. u keep running away all the investors in the world . eat all the money you want ( you can basically ) but also have others invest and do some for the nation. YOu Pricks in the GOvernment !!!