Managing Director, Pakistan Electric Power Company (Pepco), Rasul Khan Mahsud chaired a high level meeting with Turkish delegation comprising of EA consulting, Tera International group, Saeg Industrial Engineering and Best Transformer at Wapda House, Lahore, here on Tuesday.
Mahsud welcomed the Turkish delegation and said that keeping in view the bilateral relations, Pepco would also like to increase the economic equation with Turkish brothers, since there is huge opportunity of investment in the energy sector of Pakistan.
He said, "we are well aware of the energy situation and would always prefer for partnership through foreign investment". He appreciated the companies for showing keen interest in investing in thermal power plant, distribution and transmission networking, transformers, and other equipment being used by Pepco in Pakistan.
He hoped that joint venture co-operation with private Turkish companies will increase power generation capacity of the country in addition to enhancing efficiency of generation plants and transmission/distribution network. Speaking on the occasion, the delegation said they are keen to invest in the energy sector of Pakistan, especially in provision of transformers besides assistance in generation capacity, distribution and transmission networking.
Chief Executive Officer of Best Transformer Turkey, Hydar Sargin gave a presentation about the transformers being manufactured by his company and highlighted the technology, quality system and capacity of transformers being produced. General Manager (Planning) Pepco Muhammad Daud and General Manager (Thermal) Naeem Akhtar gave presentations on NTDC System, Discos, Gencos and overall power sector respectively.
The delegation was led by Engin Aydin, President EA Consulting and Hydar Sargin, Chief Executive Officer Best Transformer, Asil Gezen President and Onder Yucer Managing Director, Tera International Group and Cetin Oducncu from Saeg Industrial Engineering. Chief Financial Officer, Pepco Razi Abbas, Member Power Wapda Muhammad Qasim Khan, Managing Director Wapda Foundation, Malik Talib Hussain were also present on the occasion. MD Pepco said that.
MD Pepco said the company has ambitious plans for expansion and will take all urgent steps to meet the energy crisis. He said the company is undertaking to develop various projects with maximum private investment. He also said government is considering all alternative resources of energy to fill the demand and supply gap. Earlier, on Monday, the Turkish delegation held a meeting with Chairman Wapda, Shakil Durani at Wapda House, Lahore and discussed various issues pertaining to investment in the energy sector.