Austria to bid for power projects
Expresses interest in investing in Tarbela-V extension, other projects.
ISLAMABAD:
Austria has expressed interest in investment in Tarbela-V extension project and other mega hydropower projects in Pakistan and says it will participate in the bidding for big water and power projects.
Various Austrian companies were already working in the energy sector of Pakistan and the country “will consider the offer for investment in small and medium hydroelectric projects,” said Axel Wech, the Austrian Ambassador to Pakistan.
Heading a two-member delegation, Wech said this in a meeting with Water and Power Minister Ahmed Mukhtar here on Thursday and discussed cooperation in the energy sector and opportunities for investment.
Mukhtar assured Austrian investors of facilitation on the part of the government, saying Pakistan was an energy-deficient country and offered great potential in hydel, wind and coal power production.
He asked them to invest in small and medium run-of-river projects as the government planned to change the energy mix to produce cheaper power.
Published in The Express Tribune, October 19th, 2012.
Austria has expressed interest in investment in Tarbela-V extension project and other mega hydropower projects in Pakistan and says it will participate in the bidding for big water and power projects.
Various Austrian companies were already working in the energy sector of Pakistan and the country “will consider the offer for investment in small and medium hydroelectric projects,” said Axel Wech, the Austrian Ambassador to Pakistan.
Heading a two-member delegation, Wech said this in a meeting with Water and Power Minister Ahmed Mukhtar here on Thursday and discussed cooperation in the energy sector and opportunities for investment.
Mukhtar assured Austrian investors of facilitation on the part of the government, saying Pakistan was an energy-deficient country and offered great potential in hydel, wind and coal power production.
He asked them to invest in small and medium run-of-river projects as the government planned to change the energy mix to produce cheaper power.
Published in The Express Tribune, October 19th, 2012.