ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Tuesday said the investment-friendly policies of the government are providing tremendous opportunities to the foreign and local investors.
The Prime Minister was talking to a five-member delegation of General Electric Company led by John G. Rice, Vice President and CEO of the company. The meeting discussed opportunities for public and private sector collaboration on infrastructure and energy projects, with a particular focus on enhancing power generation, energy sector efficiency and power sector diversification. John Rice highlighted the advanced technologies offered by General Electric Company to address the country’s requirements.
Prime Minister Muhammad Nawaz Sharif said that General Electric had long association with Pakistan, as the country had been benefitting from the experience and expertise of the company. The Prime Minister was told that General Electric had been actively working towards completion of several power generation projects including Nandipur (525 MW) and Guddu (747MW).
The Prime Minister highlighted the major power sector initiatives by the government and invited General Electric to invest in other power projects in the pipeline. He invited General Electric 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.
The Prime Minister said that government had embarked upon the plan for the revival of Pakistan Railways for which a package had been approved by the government. He invited the General Electric to avail this potential business venture. John Rice said his company was proud of its long history and the established partnerships with Pakistan. He said the General Electric’s key infrastructure projects would support current and future needs, and contribute toward the economic development and progress of Pakistan.
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