Power crisis: Nawaz welcomes private ventures in energy sector

PM appreciated the construction of 84 megawatt run-of-the-river project by Laraib Energy.

ISLAMABAD:

Prime Minister Muhammad Nawaz Sharif on Wednesday said investment in the energy sector by private sector could play a vital role in reducing electricity shortfall in the country.

The sector is being meted out preferential treatment to attract local and foreign investments, he said while talking to Chairman Hubco Hussein Dawood, who called on him here. Prime Minister Nawaz appreciated the construction of 84 megawatt run-of-the-river project by Laraib Energy as the first private sector hydel power project in the country.

Dawood expressed confidence in the leadership of Prime Minister and lauded his pro-business and people-friendly policies. He termed it a national endeavour to bring Pakistan out of energy deficit and appreciated focus of the government on energy sector, which was linked with economy and prosperity of the people. The chairman said the prime minister’s special focus on energy sector was highly motivating for the business community.

Published in The Express Tribune, July 18^th, 2013.

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