Power division to meetup with CPEC energy investors

Staff Report
Thursday - January 4, 2018
ISLAMABAD: Power division minister Sardar Awais Ahmed Khan Leghari, on Wednesday, in a meeting with Chinese ambassador Yao Jing, disclosed that his division has decided to engage and meet all the investors under China Pakistan economic corridor (CPEC) energy projects, individually, to further fast tract these projects and also remove any difficulty, faced by them; an official statement said.

According to detail, all the power sector stake holders like private power and infrastructure board (PPIB), alternate energy development board (AEDB) and national transmission and dispatch company (NTDC) will be part of these meetings in this regard.

Leghari thanked Jing for choosing the power division for his maiden visit after assuming the charge of ambassador in Pakistan.

Power division minister while appreciating the contribution of the Chinese investors in the power sector said that CPEC is the epic of relations between the two countries and in the time to come the cooperation will further boost to new heights.

He invited Jing’s suggestion for the planned meetings with the Chinese investors.

While highlighting the importance of services at the power distribution companies (DISCOs) level and the proposed law likely to be enacted soon for private sector participation at the distribution level, Leghari invited Chinese investors to participate in the consumer services as the country has achieved bridging the demand and supply gap with great assistance of Chinese Investors.

He said that the market for service delivery at DISCOs level offer lucrative return.

Jing while thanking Leghari for warm reception said that the performance of power sector under CPEC has been a success story, which has been acknowledged at different forums in China.

He specially mentioned the power division role in leading the CPEC projects and facilitating the Chinese investors.

Jing said that investors in China are closely and keenly observing the fast growing power sector in Pakistan and its progress has been reckoned as exemplary.

He assured that China will keep on further extending assistance to Pakistan in power sector as it has been instrumental for success of CPEC besides important for Pakistani nation.

Jing said that China will look into investing in the service delivery at the distribution level and in this regard, he will soon engage with leading service providers in China.

He appreciated the power division decision to meet each investor under CPEC individually for further boosting the cooperation.\

On Leghari’s suggestion Jing agreed to nominate a focal person at the embassy level for coordinating the extension of cooperation at the service delivery at the distribution level.

Jing mentioned the services former president of Pakistan late Sardar Farooq Ahmed Khan Leghari in building the Pak-China relations.

He mentioned the role of the former President during the founding days of Bao economic forum and lauded his active participation.

Jing said that he first met late Sardar Farooq Ahmed Khan Leghari back in 1996 during the visit of Chinese prime minister.