The Power Division has decided to engage and meet all the investors under the CPEC energy projects individually to further fast tract these projects and also remove any difficulty faced by them.
All the power sector stake holders like PPIB, AEDB and NTDC will be part of these meetings in this regard.
It was disclosed by the Federal Minister for Power Division Sardar Awais Ahmed Khan Leghari on Wednesday in meeting with Ambassador of China Mr. Yao Jing.
The Federal Minister thanked the Chinese Ambassador for his choosing the Power Division for his maiden visit after assuming the charge of Ambassador in Pakistan.
Sardar Awais Ahmed Khan Laghari while appreciating the contribution of the Chinese investors in the Power Sector said CPEC is the epic of relations between the two countries and in the time to come the cooperation will further boost to new heights.
The Federal Minister also invited suggestion of the Chinese Ambassador for the planned meetings with the Chinese Investors.
While highlighting the importance of service at the DISCOs level and the proposed law likely to be enacted soon for private sector participation at the distribution level, the Federal Minister invited the Chinese investors to participate in the consumer services as the country has achieved bridging the demand and supply gap with the great assistance of Chinese Investors. He said that the market for service delivery at DISCOs level offer lucrative return.
Mr. Yao Jing while thanking the Federal Minister for warm reception said that the performance of Power Sector under the 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. He said that investors in China a closely and keenly observing the fast growing power sector in Pakistan and its progress has been reckoned as exemplary.
The Chinese Ambassador assured that China will keep on further extending assistance to Pakistan in the Power Sector as it has been instrumental for the success of CPEC besides important for Pakistani nation. He said that China will also 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.
The Chinese Ambassador also appreciated the Power Division decision to meet each investor under the CPEC individually for further boosting the cooperation.
On suggestion of the Federal Minister the Chinese Ambassador agreed to nominate a focal person at the Embassy level for coordinating the extension of cooperation at the service delivery at the Distribution level.
The Chinese Ambassador mentioned the services former President of Pakistan Late Sardar Farooq Ahmed Khan Laghari in building the Pak-China relations. He also mentioned the role of the former President during the founding days of Bao Economic Forum and his active participation. He said that he first met Late Sardar Farooq Ahmed Khan Laghari back in 1996 during visit of the Chinese Prime Minister.