NORINCO to invest in Pakistan’s green energy projects

A well renowned Chinese company NORINCO has shown keen interest in investing in green energy department of Pakistan including Solar and Wind power. Prime Minister Shehbaz Shareef had a meeting with a delegation of the Chinese company to converse about the required investments and the potential that this sector holds.

PM Shehbaz Shareef said that the Pak China cooperative connections have always helped in the economic and social strengthening of the country. He also said that the China Pakistan economic corridor (CPEC) has proven to be an extremely significant project for the development of both the countries. The PM also invited other Chinese companies to look forward and invest in the green energy projects of Pakistan especially due to the rising potential of solar power and its benefits.

A 100MW wind power project was proposed in Thatta and the companies were invited to invest in the project as well. He also notified about the key investment opportunities presented by the projects of railway line fibre optics, copper and iron mining and infrastructure and development of big cities. The PM also stated that the country would like and welcome investments which would prove a step forward to playing a role in a great Economic progress of Pakistan as well as China. The government is taking all steps to further remove hurdles and provide a smooth pathway for the Investors to work on the projects of the country and to facilitate them.

The Prime Minister’s office acknowledged the work done by the neighboring country to introduce orange line metro in Lahore Pakistan and was thankful for the initiation of CPEC project in 2015. PM Shehbaz Shareef also thanked the president of China Xi Jinping for his efforts to improve the connections between both the countries.

The Chinese delegation was led by vice-president NORINCO International, Wang Xiaobing and CEO NORINCO International (Pakistan), Li Chen while from Pakistan’s side, the representatives included Federal Ministers Khawaja SaadRafique, Syed Naveed Qamar, ChauhdarySalik Hussain, Advisor to Prime Minister Ahad Cheema, Special Assistants to Prime Minister (SAPMs) Syed Tariq Fatemi, Mohammad Jahanzeb Khan, ZafarudDin Mahmood and officials from concerned ministries.