Huge potential for private, foreign direct investment: Khusro Bakhtyar

Islamabad: Federal Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar has said that there was a huge potential for private and foreign direct investment in the power value chain including generation, transmission and distribution. He added that the government is committed to resolve the issues affecting the viability of power sector. A delegation led by the Vice Chief Economist Shanghai Electric Power Mingwei Shi called on the Minister for Planning, Development and Reform Makhdum Khuru Bakhtyar here. Member Energy, Member Private Sector and senior officials of the ministry were also present in the meeting. Makhdum Khusro Bakhtyar highlighted that under CPEC framework a number of energy projects are being executed and are in the pipeline. Mingwei Shi said that Shanghai Electric’s investment in purchasing K-electric is only the beginning and the company is interested to further expand its investment portfolio in power sector of Pakistan. The minister was briefed about the latest status and issues in finalizing the transaction for purchase of KES power. Mingwei Shi requested the minister to facilitate the process for early completion of transaction.