Malaysia likely to invest in coal and wind power in Pakistan
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Saturday, 14 Apr 2012
The Express Tribune cited Mr Mohammad Raziff Embi VP of Malakoff Corporation as saying in a meeting with Water and Power Minister Mr Syed Naveed Qamar that Malaysia has expressed interest in investing in coal fired and wind power projects in Pakistan which can ease electricity shortage and meet future needs.
The delegation members said they were interested in setting up 1,200 MW power project based on imported coal and 250 MW wind power project in Sindh. Feasibility study of the first project has been completed and remaining requirements will be met at the earliest.
The delegation assured the minister that they would work with Pakistan’s government to explore investment opportunities in other infrastructure projects. It also expressed the desire to invest in the operation and maintenance plan of the government for public sector thermal power plants.
They also discussed investment opportunities in Thar coal projects and the policy for imported coal based power plants. The water and power minister said upfront tariff for imported coal based power projects was likely to be finalized next month which would attract investment in cheaper electricity production.
Source - The Express Tribune
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