Wang Huihua, Managing Director of China Energy Int’l Group’s Pakistan Branch, announced on Tuesday (June 13) that the 700-megawatt Azad Pattan hydropower project, run by Energy China, is ready for construction after the completion of a feasibility study and land acquisition.
Wang made these remarks at the ‘Pakistan Energy Sector Landscape: Challenges & Opportunities’ conference held at NUST University, Islamabad. He explained that the project would provide cheap, clean energy to Pakistan. “We have been developing this project for six years. We hope the government will give it more priority in the China-Pakistan Economic Corridor (CPEC) initiative to expedite financial closure,” he said.
He further stated that Energy China believed that investing in renewable energy in Pakistan was financially viable. “We are committed to setting up our long-term operation in Pakistan and investing more,” he said.
He highlighted that China Energy Engineering Corp. (Energy China) has been present in Pakistan for the past 20 years. “Energy China considers Pakistan as its favored investment destination,” he added.
Wang also pointed out some of the challenges faced by foreign investors in Pakistan, underscoring the importance of resolving them quickly to foster win-win cooperation.