Chinese firm to construct 1,100MW power project: The News

Friday, October 10, 2008By our correspondent

ISLAMABAD: In a positive development, Sinohydro Corporation of China is to invest in 1,100MW Kohala hydropower project.Top officials of the company came up with the offer on Thursday in a meeting with the Federal Minister for Water and Power, Raja Pervez Ashraf. The minister said that government would facilitate foreign investors to invest in the water and power sector in Pakistan as there are great opportunities. He said that foreign investment in hydel power generation would help to meet the country’s future power requirements at affordable prices.Ashraf also informed the delegation that Pakistan was embarking on the construction of multipurpose dams which would meet power needs in the long term. Earlier, the Chinese company gave a detailed presentation to the minister on its ongoing projects and briefed him on the expertise in construction of hydropower projects. The firm expressed interest in investing millions of dollars in Pakistan by constructing 1,100MW Kohala hydropower project.They also informed that the company is working on 156 hydropower projects in various countries of the world. The company is already constructing Gomal Zam dam, Khan Khawar hydropower project and Dubair Khawar hydropower project in Pakistan.

For more on this article, please click on the following link: Chinese firm to construct 1,100MW power project: The News