A Chinese company Sino-Tia-Cheng Group has offered investment in hydro power schemes in Khyber Pakhtunkhwa especially in power houses projects of Shozhosin (132MW) and Sharmai (120MW) in Chitral. A delegation of the company led by its Chief Executive, Liuyonggyang called on Rafaqatullah Babar, Advisor to Chief Minister on Economic Affairs and In-charge of Investment Promotion Cell, at his office here on Sunday and discussed with him various matters of foreign investment and rule and regulation affairs.
Liuyonggyang told him that his company had vast experience in hydel power stations as well as in the industry and automobile sectors. He said that his company with financial assistance of China Developmental Bank was ready for 100% investment in Shozhosin (132MW) and Sharmai (120MW) power stations in Chitral.
Addressing the meeting, Rafaqatullah Babar said that the provincial govt besides introducing reforms and transparency in other sectors of the government had also chalked out Strategic Development Partnership Framework (SDPF) wherein foreign investors were being given all incentives under one window operation. Similarly, transparency in the investment matters had also been brought about in Khyber Pakhtunkhwa. He also proposed investment in two feasible hydro power projects near Abbottabad saying that feasibility reports of these projects had already been finalised.
He asked the company to send a technical proposal to the provincial government so that practical progress could be made in this regard. He assured all out support and co-operation of the provincial government to the company.
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