China will extend cooperation with Pakistan in energy sector: Chinese ambassador

PM is committed to reduce cost of power generation: Minister Omar Ayub

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Federal Minister for Energy Mr. Omar Ayub Khan welcomed the newly appointed Ambassador of China to Pakistan, H.E Nong Rong in his office this morning. Chairman CPEC Authority Gen. (R) Asim Saleem Bajwa and Special Assistant to Prime Minister on Power Mr. Tabish Gouhar & Secretary Power Ali Raza Bhutta were also present at the meeting. During the meeting, both sides reviewed the progress of power projects under China Pakistan Economic Corridor (CPEC) & agreed to continue the cooperation in field of energy in mutual interest of both countries. Nong Rong expressed that he gives utmost importance to the “Draft Framework Agreement” & will push it forward to the relevant departments in China. After effective Govt to Govt (G2G) cooperation, both countries need to embark on a journey of effective Business to Business (B2B) collaboration. Both sides dispelled the common misperception that CPEC SEZs in Pakistan are limited to Chinese companies only. It was stressed that SEZs & other industrial cooperation ventures under CPEC are open to third party participation & that companies and investors from all countries are welcome.

The Minister highlighted the provision of power & energy to establishment of Special Economic Zones (SEZs) and said that it would boost economic activity along with creation of thousands of new jobs in the country. The Minister also apprised the Envoy about the initiatives by the current government to curb the distribution & transmission losses in the power sector. He said that the focus of our government is to lower the cost of power generation by increasing Renewable Energy. He said that sustainable & affordable structure of energy tariffs will be beneficial for the positive economic trajectory of the country. The Chinese Ambassador while appreciating the government’s commitment to reform the energy sector said that China is keen to work with Pakistan in field of energy including power projects under CPEC. He thanked and appreciated the efforts of the Government of Pakistan and Ministry of Energy to expedite the progress of power projects under CPEC.

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