Energy, infrastructure projects: Chinese company seeks to make $10 billion investment

China Gezhouba Group Corp/China Energy Engineering Group showed interest in investing $10 billion in energy and infrastructure projects in Pakistan and a meeting was held in the Board of Investment (BoI) office in this regard. According to details, Tao Jie Chief Finance Officer, Deng Siwen, Chief Commercial Officer and Syed Ahmed local representative of China Gezhouba Group called on Chairman BoI Dr Miftah Ismail and discussed the signing of MoU with the Board, investment projects to be under taken and the visit of the company's President.
Tao Jei briefed Dr Miftah that China Energy Engineering Group is interested in participating in the projects related to Pak-China Corridor and can also offer financing/loans for undertaking these projects. In this regard, the president of the company will visit Pakistan next week and during the meeting with Prime Minister, an MoU of strategic corporation will also be signed with BoI.
He further said that the company will participate in the bidding of Gaddani Coal Project and is also interested in Jamshoro Power Project. And they will also work on Engineering Procurement and Construction (EPC) for jetty and transmission lines. Dr Miftah Ismail said that the signing of MoU with the company should not be another agreement. We should work seriously for maturing the investment of $10 billion during the due course of time.
He further said that as the company is involved in large number of mega infrastructure projects in China and other countries, we offer the company to bid for the construction of Hyderabad-Sukkur road. The company was also involved in the construction of Jhang road, a part of Lahore to Multan Motorway.
China Energy Engineering Group Company Limited (CEEC) was established on September, 2011. It is a sole state-owned company and provides full range of engineering services including feasibility studies, design, procurement, consultancy, planning, financing, construction, management, operation etc. The company has substantial business interests in over 60 countries world-wide with an established presence in countries such as Pakistan. China Gezhouba Group Corporation (CGGC) is affiliated with China Energy Engineering Group Company Limited (CEEC).