Finance Minister assures support to Chinese Energy producer

A three-member delegation of the China Three Gorges South Asia investment Limited led by their President and CEO, Mr. Qin Goubin called on the Federal Minister for Finance, Revenue and Economic Affairs Asad Umar on Wednesday afternoon.

Mr. Goubin congratulated the Finance Minister on assuming office and expressed hopes that the cooperation between Pakistan and the Chinese Energy producer will further strengthen during the term of the new government. 

China Three Gorges Sourth Asia Investment Limited is an investment holding company formed by the parent company, China Three Gorges Corporation (CTG), a state owned Chinese power company, on September 30, 2011 for the purpose of acquiring, developing, building, owning, and operating renewable power generation projects in Pakistan.

Mr. Goubin briefed the Minister that their Company has been working on Wind and Solar energy generation for many years. In Pakistan it is working on Karot hydropower station in the Kashmir region in cooperation with the International Finance Corporation. 

The Minister appreciated the work being done by the company in renewable energy and said that keeping in view the impact on environment and its low cost, the new government wishes to promote clean and renewable sources of energy.

The Minister said that the government wants all projects under the energy corridor to complete on time and all possible support in this regard will be provided to the investors. He assured the delegation that any obstacles in the implementation of these projects will be resolved on a priority basis.