Shanghai Electric keen to expand investment portfolio in power sector

MG News | March 28, 2019 at 05:12 PM GMT+05:00

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March 28, 2019 (MLN): Federal Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar has said that there is a huge potential for private and foreign direct investment in the power value chain including generation, transmission and distribution.

At a meeting with the team from Shanghai Electric Power, led by Vice Chief Economist Mr. Mingwei Shi, he said that the Government is committed to resolve the issues affecting the viability of power sector

Member Energy, Member Private Sector and senior officials of the ministry were also present at this meeting.

Makhdum Khusro Bakhtyar highlighted that under CPEC framework a number of energy projects are being executed and are in the pipeline.

Mr. Mingwei Shi said that Shanghai Electric’s investment in purchasing K-electric is only the beginning and the company is interested to further expand its investment portfolio in power sector of Pakistan.

The minister was briefed about the latest status and issues in finalizing the transaction for purchase of KES power.

Mr. Mingwei Shi requested the minister to facilitate the process for early completion of transaction.

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