Previously another Chinese Firm, China Water and Electric Corporation, had separately offered to invest in the hydel-power generation of K-P. PHOTO: FILE
Two Chinese firms, China-Beixin and Chen Qijin Roads and Bridges Company Limited, and Xinjiang Beixin expressed interest in taking up projects in hydel-power generation and construction of the proposed Peshawar mass-transit and express ways in Khyber Pakhtunkhwa (K-P).
Offers of investment were conveyed to Adviser to K-P Chief Minister (CM), Rafaqat Ullah Babar, in a meeting at the Pakhtunkhwa House Saturday morning, said a handout issued here.
Babar informed the delegation that he will take up these details with the concerned authorities to pave the way for starting physical work soon. The delegation also assured Rafaqatullah Babar that investment opportunities in K-P will invite more investors from China.
Babar informed the delegation that investors can import machinery for execution of such development schemes without paying any custom duty.
Previously another Chinese Firm, China Water and Electric Corporation, had separately offered to invest in the hydel-power generation of K-P and met with Rafaqatullah Babar.
K-P is generating just 3,849 megawatts (MW) of electricity from its operational hydropower projects, while projects under implementation have the potential to generate 9,482MW.
The provincial government is carrying out work on as many as 28 such projects. Feasibility studies of 77 projects have been completed while raw sites with a potential for generating 8,930MW of electricity have also been identified.
Published in The Express Tribune, September 29th, 2013.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ