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Chinese company to invest $ 200 million in Pakistan power sector

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    Chinese company to invest $ 200 million in Pakistan power sector

    Another demonstration of the ever lasting close all round relationship Pakistan shares with Great China.

    http://hoovnews.hoovers.com/fp.asp?l...a1000489fb1a3a

    Chinese company to invest $ 200 million in Pakistan power sector


    A China-based company has showed its interest in the Sonda-Jherruk coal field. The company will invest around $ 200 million in the coal mining as well as in the construction of 100 MW power station. According to a handout issued here on Tuesday, a delegation of China Machinery Import and Export Corporation led by Wang Xiau called on Dewan Yousuf, the Sindh Minister for Mineral Development, and reiterated their interest in the development of coal-mines and the Sonda-Jherruk coal field in the district Thatta for the construction of 100 MW mine-mouth power station.

    The roughly estimated investment in the coal mining and construction of power station would be around $ 200 million. The delegation expressed their intention to expand the capacity of the project. Dewan welcomed the proposal and assured them of the implementation of the project as per the policy relating to coal fired power. The delegation would continue to hold technical sessions with the Mines and Mineral Development. A visit to Sonda-Jherruk coal field was also made by the delegation, following the meeting, with the concerned ministries in the Government of Pakistan to discuss issues relating to power generation with the purpose that the project proceeds smoothly.


    #2
    Great News Malik.

    We need this FOREIGN investment to continue! The Chinese, Malaysians, Saudis, UAE and many EU countries are planning Huge investments in the coming years.

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