PESHAWAR - Chinese investment company Sino-Tia-Cheng Group has offered investment in hydropower schemes in Khyber Pakhtunkhwa, specially in power houses projects of Shozhosin (132MW) and Sharmai (120MW) in Chitral.
A delegation of the company led by its Chief Executive Liuyonggyang called on Rafaqat Ullah Babar, Advisor to Chief Minister on Economic Affairs and In-charge of Investment Promotion Cell, at his office in Peshawar and discussed with him various matters of foreign investment and rules and regulation affairs.
Liuyonggyang told him that his company has a vast experience in hydel power stations as well as in the industry and automobile sectors.
He said that his company with financial assistance of China Developmental Bank was ready for 100 per cent investment in Shozhosin (132MW) and Sharmai (120MW) power stations in Chitral.
Addressing the meeting RafaqatUllah Babar said that provincial govt besides introducing reforms and transparency in other sectors of the govt, has chalked out Strategic Development Partnership Framework (SDPF) wherein foreign investors were being given all incentives under one window operation.
Similarly transparency in the investment matters has also been brought about in Khyber Pakhtunkhwa. He also proposed investment in two feasible hydropower projects near Abbottabad saying that feasibility reports of these projects have already been finalized.
He asked the company to send a technical proposal to the provincial government so that practical progress could be made in this regard. He assured all out support and cooperation of the provincial government to the head of the company.
Published in The Nation
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