Chinese language firm eager to make investments in Pak energy projects

CHENGDU: A number one Chinese language firm currently working on Ashkot hydropower mission in Azad Jammu Kashmir has confirmed curiosity in investing extra in energy related projects in Pakistan.

The Chairman of the Sichuan Energy Electric Energy Constructing Co. Ltd., Wu Jianwen, met the Consul General (CG) of Pakistan in Chengdu, Muhammad Mudassir Tipu, at his space of business Tuesday.

The chairman became accompanied by a large delegation together with management team of the community dealing with Pakistan. The delegation briefed the CG about Sichuan Energy Electric Energy Constructing Firm’s on-going 300 MW hydropower mission, Ashkot, in Azad Jammu Kashmir.

The community intends financing the mission by making consortium of Chinese language firm and together with a Pakistani firm as a JV accomplice of the mission, the observation issued by the consulate stated. The complete mission price might perchance perchance well be near US 780 million dollars.

The Sichuan Energy Electric Energy Constructing Co. Ltd is subsidiary of Sichuan Energy Funding Crew Co. Ltd. (SCEI), which is a Pronounce-owned Enterprise. The SCEI has 225 subsidiary firms maintaining four main areas, i.e., (a) energy, (b) chemical industry, (c) new services and products (tourism and culture) and (d) strategic rising industries with whole asset price of RMB 108.5 billion. SCEI is listed among Top 500 Companies in China.

Jianwen underscored that his community is interested by investing in extra energy-related projects and hoped that Pakistan’s govt would present extra opportunities to the firm on this regard.

The CG after welcoming the delegation briefed it referring to the on-going financial and developmental projects in Pakistan. He highlighted that Pakistan within the previous few years has invested closely in its energy sector and introduced huge-ranging reforms. The CG welcomed SCEI’s decision to make investments in Pakistan and assured that the govt. will present beefy beef up to the community in executing energy projects within the country.

He also particularly urged the community about Pakistan’s breath-taking tourism probably and supplied the SCEI community to make investments in Pakistan’s burgeoning tourism sector. Chairman Wu supporting the belief stated that his subsidiary firm would explore Pakistan as a vacationer destination.