Chinese investment company Sino-Tia-Cheng Group has offered investment in hydro power schemes in Khyber Pakhtunkhwa, especially in hydropower projects of Shozhosin (132MW) and Sharmai (120MW) in Chitral.
A delegation of the company, led by its Chief Executive Liuyonggyang, called on RafaqatUllah Babar, advisor to KP chief minister on economic affairs, in Peshawar and discussed various matters of foreign investment and rules and regulations.
Liuyonggyang told the advisor that his company has vast experience in hydropower stations as well as in the industry and automobile sectors. He said that his company with financial assistance of China Developmental Bank was ready for 100 percent investment in the power projects.
Babar said the KP government has chalked out Strategic Development Partnership Framework (SDPF) wherein foreign investors were being given all incentives under one-window operation. Similarly transparency in the investment matters has also been brought about in Khyber Pakhtunkhwa. He
Urged the Chinese official for investment in two feasible hydropower projects near Abbottabad, saying that feasibility reports of the projects have already been finalized. He asked the company to send a technical proposal to the provincial government so that practical progress could be made in this regard. He assured all-out support and cooperation to the Chinese company head.
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