KARACHI: The Chinese Consul General, Yak Jianming, called on Chairman Sindh Board of Investment (SBI), Muhammad Zubair Motiwala, to offer the services with regards to project in pipeline.
A statement issued here on Sunday said that a detail presentation with regards to MoUs and agreements signed during the visit of high power Pakistani delegation which included Energy Giants M/s China Three Gorges and United Energy Group (Orient Group) were signed.
It said that these MoUs were related to establishment of Coal Power Projects in Province of Sindh by China's Three Gorges Corporation (4,000 MW from Thar Coal and 300 MW at Sondha District Thatta), Development of 1,000 MW Wind Power Projects in Province of Sindh by China Three Gorges Corporation, Development of Wind Turbine Generators (WTGs) Manufacturing facilities in Province of Sindh by China Three Gorges Corporation and Development of 150-500 MW Wind Power and other investment projects in the Province of Sindh by United Energy Pakistan Limited.
The statement said that it was also requested to the Chinese Consul General to look into Shovel ready projects and a list of 15 projects which are completed in all manner of documentation where the immediate investment of Chinese can come.
Availing the opportunity, Chairman SBI Muhammad Zubair Motiwala briefed Yak Jianming about the Shovel Ready projects offered by government of Sindh under Public Private Partnership mode which include infrastructure development, development of recreational resorts at Gorakh hill and Keenjhar Lake, mass transit and Solar energy street light projects in Karachi.
Development of Special Economic Zone for Chinese Companies was also discussed, where Chinese firms will be allocated a dedicated zone with their own bylaws, rules and regulations.
In the end the Consul General of China discussed the problems faced by Chinese investors in Karachi. Zubair Motiwala assured Chinese Consul General for all possible assistance to resolve the problems of Chinese investors working in Sindh.
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