FDI: Chinese investors arrive in Pakistan

The projects include a 900 megawatt (MW) power project in Thar.

APP July 30, 2013

ISLAMABAD: Wang Zhiying Vice President of China Power Investment Corp (CPI Group) along with 15 delegates called on Chairman Board of Investment (BOI) Mohammad Zubair, and discussed opportunities for investment in the power sector. Chief Executive Sino Sindh Resources Pvt Ltd, Abdul Qayyum Chaudhry was also present in the meeting. The company was invited by Prime Minister Muhammad Nawaz Sharif during his visit to China. “We welcome investors to make their businesses a success in the most lucrative investment destination of the world, Pakistan”, said Zubair. During the meeting, Wang Zhiying said that “We are an energy investment company and interested to invest in four projects in Pakistan”. The projects include a 900 megawatt (MW) power project in Thar, a 660MW project in Lahore, a 300MW solar power project in Bahawalpur, and a 500-1,000MW wind energy project in an undecided location.

Published in The Express Tribune, July 31st, 2013.

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