Boao Contribution rendered by CPEC energy projects in alleviating the energy shortage in Pakistan are commendable, said Prime Minister Shahid Khaqan Abbasi.
During the meeting with Administrator of National Energy Administration (NEA) of China, Nuer Baikeli who called on him on the sidelines of BOAO Forum for Asia Tuesday.
Appreciating the contribution provided by China Pakistan Economic Corridor (CPEC) energy projects in alleviating the energy shortage in Pakistan, the PM thanked the Chinese Government and NEA for their strong support and collaboration. He said that these projects are providing efficient and affordable electricity in to the system and both sides were continuing to work on other projects based on hydropower in North of Pakistan and local coal in Thar District of South. He also indicated the need of early completion and synchronization of transmission line of South-North with the upcoming generation projects in Karachi and Thar.
The Prime Minister stated that the Oil and gas sector is a priority area which is featured prominently in the Long Term Plan for CPEC. He emphasized that the Government is committed to supply clean, affordable and sustainable energy to consumers. The PM said that focus is on provision of affordable and diversified energy mix as Pakistan holds tremendous potential in the coal, hydro, solar and wind sectors.
The Prime Minister expressed satisfaction over regular exchange of views between experts on energy from the two sides. The PM further stated that private sector is now playing a crucial role in developing Pakistan’s economy by supplementing generation capacities and related infrastructure.
The present Government has introduced robust policy frameworks that carry competitive incentives and simplified procedures for both local and foreign investors.
The Prime Minister expressed the hope to further strengthening cooperation with the National Energy Administration of China and the Government of Pakistan. “I would also take this opportunity to invite Chinese investors and companies to participate in the development of Pakistan’s Power Sector with promising returns and incentives”, added the PM.
Foreign Minister Khawaja Asif, Minister for Interior, Planning, Development & Reform Ahsan Iqbal, Ambassador Masood Khalid and senior officials were also present during the meeting.
