Investment friendly policies of government provide tremendous opportunities to investors: Prime Minister
Islamabad, February 18, 2014 (PPI-OT): The investment friendly policies of government provide tremendous opportunities to investors. Prime Minister said this while talking to a 5-member delegation of M/s General Electric Company led by Mr. John G. Rice, Vice President/CEO of the company.
The meeting discussed opportunities for public private sector collaboration on infrastructure and energy projects, with a particular focus on enhancing power generation, energy sector efficiency and power sector diversification.
Mr. John Rice highlighted the advanced technologies offered by GE to address the country’s requirements. Prime Minister Muhammad Nawaz Sharif said that GE has long association with Pakistan, as the country has been benefiting from the experience and expertise of the company.
PM was told that GE has been actively working towards completion of several Power Generation Projects including Nandipur (525 MW) and Guddu (747MW).
PM highlighted the major power sector initiatives by the government and invited GE to invest in other power projects which are in the pipeline. He invited GE to extend its cooperation for various power projects such as Chichoki Malian Combined Cycle Power Plant, Grange Power Limited Combined Cycle IPP and Re-vitalization of GENCO-III Power Plants located at Shahdara, Faisalabad and Multan.
Prime Minister told that government has embarked upon the plan for the revival of Pakistan Railways, in this regard; a revival package for Pakistan Railways (PR) has been approved by the government. He invited GE to avail this potential business venture.
John Rice said, “We are proud of our long history and the established partnerships we have built in Pakistan. By combining the latest advanced technologies with local solutions, we are working with our partners towards the development of key infrastructure projects that will support current and future needs, and contribute toward the economic development and progress of the country”.
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Haji Ahmed Malik
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