Islamabad, July 04, 2012 (PPI-OT): China Three Gorges Corporation today offered to form Pakistan-China Energy Fund of more than $5.0 billion for investment in various projects in Pakistan.
The offer was made during President Asif Ali Zardari’s meeting with a Chinese delegation headed by Senior Vice President China Three Gorges Corporation Mr. Wang Shaofeng, here at Aiwan-e-Sadr today.
Briefing about the meeting Spokesperson to the President Senator Farhatullah Babar said that the President today called for expediting, on fast track, the projects of electricity generation which were being undertaken in cooperation with Three Gorges Corporation of China.
Spokesperson said that the projects being undertaken with the assistance of Three Gorges Corporation of China would add into the system around 2500 MW of electricity of which approximately 1950 MW would be the hydro electricity and the rest would be generated through wind and solar means.
The President during meeting while highlighting all weather Pak-China friendship appreciated Chinese assistance to the country especially in the power sector. He said that Three Gorges Dam Project was a living testament to the genius and vision of the Chinese people and their leadership and Pakistan was eager to learn from the Chinese experience of growth and development.
The President said that Pakistan was also keen to have Chinese assistance in conservation of its water resources. While appreciating the company’s involvement in various electricity generation projects, solar power project and the wind project in Sindh, the President invited the company to also invest in new projects and to participate in the construction of small and medium sized dams in various parts of the country.
He reiterated Government’s assurance of all possible facilitation to the Three Gorges Dam Project Company in construction of dams and alternate energy projects in the country.
Spokesperson said that China Three Gorges International Corporation a large scale clean energy group that specializes in the development and operation of hydropower project construction and management, electric power generation and providing professional technical assistance was assisting Pakistan in various projects that aim at overcoming the energy shortages. The Company is also involved in building a run of the river hydro project at Sukkur Barrage of 120 MW.
Spokesperson said that China has offered financial and technical assistance to massively develop hydro and wind power, up-grade the existing transmission system and provide an integrated solution to the problems of power shortages and disruptions in Pakistan.
The President during today’s meeting reiterated his call that besides expediting the ongoing projects, attention must also be given to build a number of small power stations of 20 MW to 30 MW, depending upon the capacity on the various distributaries in various parts of the country.
Mr. Wang Shaofeng thanked the President for meeting and assured his company’s continued assistance to Pakistan in the field of its expertise.
Those who were present during the meeting included from Chinese side Mr. Mubashir Malik, CEO Associated Technologies, Mr. Sheng Zhendongm Mr. Cui Lizhong, Mr. Liu Lanbo, and others. Pak side included Dr. Asim Hussain, Mr. M. Salman Faruqui, Secretary General, Ms. Nasreen Haque, Special Secretary, Mr. Khalil Ahmed, Ambassador at Large, Mr. Ghiasuddin Ahmed Acting Chairman NEPRA, Mr. Arif Alauddin, and other senior officials of the concerned departments.
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