'UK firms are keen to invest in power projects'

RECORDER REPORT

LAHORE: British firms are interested in investing in Pakistan's power sector and ready to initiate electricity generation projects, additional deputy head of mission of the British High Commission in Karachi Shehryar Khan said on Friday.

He said this during a meeting with NTDCL's Managing Director Rasul Khan Mahsud at Wapda House.

Referring to investment prospects, Rasul Khan Mahsud said that NTDCL was the sole government company engaged in transmission and dispatch of power within Pakistan, adding that it was also responsible for enhancing the transmission system through new projects and would always prefer foreign investment in power sector.

Shehryar said that various business communities in the United Kigdom had shown keen interest in investment in various power sector areas. He said that infrastructure of power projects being processed in Pakistan could be pursued as a joint venture to boost bilateral relationship for establishing long-term and stable partnership between the governments of UK and Pakistan. He also said that the cooperation can further be enhanced via collaboration between universities in Pakistan and the UK.

Later, Rasul Khan Mahsud commended British High Commission's efforts for developing mutual cooperation between the two countries.