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UAE, Chinese firms to invest $5 billion in Pakistan’s energy sector

Latest Update: December 16, 2015 | 272 Views
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ISLAMABAD: Companies from China and UAE will invest atleast $5 billion in Pakistan’s energy sector.

An agreement has been signed in this regard between UAE’s Metal Investment Holding Corporation and Power China E&M International at the Board of Investment (BoI).

The investment will be made to set up three coal-fired power plants, with a combined output of 3,960MW, at Port Qasim.

Metal Investment Holding Corporation Chairman Haji Amin Pardesi and Finance Power China E&M International GM Zhou Xinwei signed the agreement in the presence of BoI Chairman Miftah Ismail.

Speaking on the occasion, BoI chairman stated that both the companies will be given complete support of government to finalize the project.