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Pakistan

Thailand energy co keen to invest in Pakistan

A delegation of Global Power Synergy met with Federal Minister for Energy Omar Ayub in Islamabad. Omar says th
10 Feb 2020
  • A delegation of Global Power Synergy met with Federal Minister for Energy Omar Ayub in Islamabad.
  • Omar says that there is a $80 billion worth of investment opportunities in Pakistan power sector.

Thailand based energy company, Global Power Synergy, has expressed interest to invest in Pakistan's power sector, it was learnt here on Monday.

As per details, a delegation of Global Power Synergy met with Federal Minister for Energy Omar Ayub in Islamabad. Apart from discussing issues in energy sector, the delegation also expressed interest in investing in Pakistan's power sector.

Speaking on the occasion, the federal minister said that there is $80 billion worth of investment opportunities in Pakistan power sector. New alternative energy policy will create investment opportunities in the power sector, said the minister. He added that the competitive bidding for the new power project would lead to a reduction in electricity prices.

Earlier, while talking to local media, Omar said that the Pakistan Tehreek e Insaf (PTI) government was taking all possible measures to introduce cheap electricity in near future. Installing new power plants would also bring the energy rates down, he added.

Lamenting over the weak policies of the previous governments, the minister said costly agreements were made with power companies, due to which, people had to face trouble in paying utility bills.