Chinese firm to invest in Pakistan hydel power projects

April 6th, 2011 - 12:59 pm ICT by IANS  

Islamabad, April 6 (IANS) A Chinese firm is looking at investing in Pakistan’s hydel power projects that would add nearly 9,000 MW of electricity to the national grid, a media report said Wednesday.

State-owned China Three Gorges Project Corporation (CTGPC) is exploring the possibility of investment and cooperation to set up hydroelectric and renewable energy sector projects, Dawn reported.

Corporation chairman Cao Guanging told Minister for Water and Power and Privatisation Syed Naveed Qamar Tuesday that they were looking for investment in the 1,100 MW Kohala, 7,100 MW Bunji and 720 MW Karot and other hydropower projects in Pakistan.

The Chinese official also spoke about manufacturing wind power equipment in Pakistan.

The corporation plans to install 2,000 MW wind power and 300 MW solar power projects in Punjab and Sindh.

Chinese investment in hydropower sector would help Pakistan generate cheap electricity, Cao said, adding that they would extend complete cooperation to China in water, power, coal and renewable energy projects.

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |