Power sector: Austria keen to invest in Pakistan
Axel Wech, Ambassador of Austria to Pakistan, called on Federal Minister for Water and Power Chaudhry Ahmed Mukhtar here on Monday, and discussed various matters of mutual interest and cooperation in the energy sector.
The minister said the Pakistan government would welcome Austrian involvement and facilitate investors looking to invest in the country. The minister said that Pakistan is an energy-deficient country, and has great potential in hydel, wind and coal generation.
The Austrian ambassador told Mukhtar that various companies from the European country were already working in Pakistan in the energy sector. He said that Austrians were interested to invest in the Tarbela-IV extension project and the upgradation of the Mangla dam power project.
Published in The Express Tribune, September 25th, 2012.
COMMENTS (1)
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ
No amount of 'investment' or 'technology' can solve our power problems because the problem is not lack of technology, or investment or even funds. The problem is inefficient project management, lack of implementation of asset management pracices and corrupt service delivery while undertaking large projects. We should stop looking for a 'silver bullet' solution and start treating the rot that is from the 'Head' all the way to the 'Tail' in our power sector. Unless these diseases are addressed, Pakistanis will remain in the dark.