AGL 38.20 Increased By ▲ 0.05 (0.13%)
AIRLINK 129.30 Increased By ▲ 4.23 (3.38%)
BOP 7.85 Increased By ▲ 1.00 (14.6%)
CNERGY 4.66 Increased By ▲ 0.21 (4.72%)
DCL 8.35 Increased By ▲ 0.44 (5.56%)
DFML 38.86 Increased By ▲ 1.52 (4.07%)
DGKC 82.20 Increased By ▲ 4.43 (5.7%)
FCCL 33.64 Increased By ▲ 3.06 (10.01%)
FFBL 75.75 Increased By ▲ 6.89 (10.01%)
FFL 12.83 Increased By ▲ 0.97 (8.18%)
HUBC 110.72 Increased By ▲ 6.22 (5.95%)
HUMNL 14.03 Increased By ▲ 0.54 (4%)
KEL 5.22 Increased By ▲ 0.57 (12.26%)
KOSM 7.69 Increased By ▲ 0.52 (7.25%)
MLCF 40.08 Increased By ▲ 3.64 (9.99%)
NBP 72.51 Increased By ▲ 6.59 (10%)
OGDC 189.18 Increased By ▲ 9.65 (5.38%)
PAEL 25.74 Increased By ▲ 1.31 (5.36%)
PIBTL 7.38 Increased By ▲ 0.23 (3.22%)
PPL 153.45 Increased By ▲ 9.75 (6.78%)
PRL 25.52 Increased By ▲ 1.20 (4.93%)
PTC 17.92 Increased By ▲ 1.52 (9.27%)
SEARL 82.50 Increased By ▲ 3.93 (5%)
TELE 7.63 Increased By ▲ 0.41 (5.68%)
TOMCL 32.50 Increased By ▲ 0.53 (1.66%)
TPLP 8.48 Increased By ▲ 0.35 (4.31%)
TREET 16.74 Increased By ▲ 0.61 (3.78%)
TRG 56.01 Increased By ▲ 1.35 (2.47%)
UNITY 28.85 Increased By ▲ 1.35 (4.91%)
WTL 1.34 Increased By ▲ 0.05 (3.88%)
BR100 10,659 Increased By 569.2 (5.64%)
BR30 31,331 Increased By 1822.5 (6.18%)
KSE100 99,269 Increased By 4695.1 (4.96%)
KSE30 31,032 Increased By 1587.6 (5.39%)

Ambassador of South Korea to Pakistan Choong Joo Choi called on the Pakistan Water and Power Development Authority (Wapda) Chairman Syed Raghib Abbas Shah here at Wapda House on Friday and discussed the water and hydropower sectors related matter with him.
Speaking on the occasion, the Chairman said that Wapda is implementing a comprehensive plan for optimal utilisation of the water and hydropower resources in view of increasing needs of water and electricity in the country. Apprising the Ambassador of more than 20 projects with cumulative power generation capacity of 20,000 low-cost electricity and water storage capacity of about 12 million acre feet, he said that these projects offer excellent investment opportunities to the foreign as well as local firms because of their high rate of returns.
Referring to the two Memoranda of Understanding (MoU) signed among Korean firms, Khyber Pakhtunkhwa and Wapda in December last year for developing the 496MW-Lower Spat Gah Hydropower Project and the 665MW-Lower Palas Valley Hydropower Project in public private partnership mode, the Chairman said that Korean financial institutions and construction companies will also be facilitated in accordance with the laws to join other projects in water and hydropower sectors.
He expressed the hope that the level of cooperation among Korean firms and Wapda will be further enhanced in the days to come. The Korean Ambassador, expressing interest in various Wapda projects, said that his country is keen to support Pakistan in developing the water and hydropower resources. He further said that South Korea is interested to capitalise on the opportunities available in the two sectors in Pakistan for mutual benefit.

Copyright Business Recorder, 2013

Comments

Comments are closed.