Pakistan in talks with Chinese bankers for power sector investments

By MG News | July 29, 2024 at 10:43 AM GMT+05:00

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July 29, 2024 (MLN): Minister for Energy, Sardar Awais Ahmad Khan Leghari has recently disclosed that Finance Minister Muhammad Aurangzeb and other government officials have engaged with Chinese bankers for potential investments in Pakistan's power sector.

According to the Information Ministry, the Minister made these remarks during an interview with a private news channel, where he further stated that the government has proposed its reform plans and energy vision to China's National Energy Administration.

These initiatives and reforms are being taken to address the ongoing challenges and stabilize the financial structure of the power sector.

Another key component of these reforms involves converting electricity generation plants from imported coal to local coal, which could significantly lower the cost per unit of electricity.

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