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AUSTRIAN KEEN TO INVEST IN MEGA HYDEL POWER PROJECTS

Islamabad, 18th Oct., 2012

Ambassador of Austria to Pakistan H.E Mr.Axel Wech along with two member delegations called on the Federal Minister for Water and Power, Ch. Ahmed Mukhtar here today and discussed various matters of mutual interest and cooperation in the energy sector.

The Minister said that the government will well come the Austrian investment and facilitate the investors. The Minister said that Pakistan is energy deficient country and has great potential in hydel, wind and coal generation. The Minister offered them to invest in the small, medium hydel and run of river projects. The govt has planned to change the energy mix to generate cheaper power.

The Ambassador said that various companies are already working in Pakistan in energy sector. He said that Austrian are interested to invest in Tarbela-V extension project and other mega hydel projects. He stated that Austrian would participate in the bidding process for mega Water and Power projects and consider the offer for investment in the small and medium hydel projects.

He remained some time with the Minister and discussed various other opportunities to invest in the power sector. 

Source - http://202.83.164.28/mowp/frmDetails.aspx?opt=news&id=52 

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