Summary The minister said govt was committed to resolve the issues affecting the viability of power sector
ISLAMABAD (Dunya News) – 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.
He said this in his meeting with a delegation led by the Vice Chief Economist Shanghai Electric Power Mingwei Shi who called on him in Islamabad.
Member Energy, Member Private Sector and senior officials of the ministry were also present in the meeting.
The minister said that that the government was committed to resolve the issues affecting the viability of power sector.
Makhdum Khusro Bakhtyar highlighted that under CPEC framework a number of energy projects are being executed and are in the pipeline.
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.
