The chief minister of Pakistan’s Sindh province, Syed Qaim Ali Shah, has confirmed he has had discussions with China Three Gorges International Corporation (CTGI), which wishes to invest up to $15bn by 2020.
The investment will produce 10 000 MW of much-needed new capacity in Pakistan.
The Chief Minister has approved a grant of 50 acres of land to CTGI for a coal fired power project at Souda-Jherruk, upgrading the current project from 400 MW to 1000 MW.
CTGI has said that it has carried out a feasibility study on the use of Thar coal. The chief minister said that the Sindh government will “provide all incentives for development and progress of Thar Coal.”
Wang Shaofeng, senior vice president of CTGI, said that the corporation also intended to initiate two hydropower projects with a combined capacity of 2000 MW, 200 MW of solar capacity and 2000 MW from wind power projects.
For more Business news.