ISLAMABAD: China Three Gorges Corporation (CTGC) delegation met Prime Minister Muhammad Nawaz Sharif at the PM House.
The delegation was led by Chairman Mr. Lu Chun.
The Prime Minister said, “Pakistan-China ties are rooted deep in history. Friendship between the two countries has stood test of time”. He said Pakistan is facing serious energy shortage and the government is taking steps for generating enough electricity to provide relief to the people.
He was pleased to note that CTGC is one of the leading companies worldwide in this field and thanked them for undertaking investment in Pakistan.
He said the government of Pakistan has prioritized security of Chinese personnel in Pakistan and special measures are being taken to ensure this.
Mr. Lu informed the prime minister that five of the world’s 10 biggest hydro power projects belonged to CTGC, which has vast experience and strong technical and financial capacity to undertake such projects. He said CTGC is in the process of investing about US$ 7 billion in seven mega hydro power projects in Pakistan including Kohala (1100 MW), Kehrot (720 MW), Azad Pattan (640 MW) and Mehal (590 MW), which would be completed in the next five years. He showed interest in equity investment in projects already under way in the water and power sector. The Chairman CTGC said, due to close friendship between the two countries and the investor-friendly policies of the government, Pakistan has become a destination of choice for Chinese businesses.
