 

Home  NEWS

NEWS Investing With Confidence: Chinese Say Their Money Is Safe In By Our Co rrespo ndent - April 20, 2015  75

   

ISLAMABAD: Chinese businessmen have said investments they are putting in Pakistan are safe as both the countries enjoy excellent relations at government and public level. “The global investments we make in any country depend on the nature of relationships between China and the particular country,” said Orient Evertrust Capital Group’s Chairman Jiang Xue Ming, while talking with The Express Tribune. “Since Pakistan and China have excellent relationships, so we feel our investments in this country are completely safe,” he added.A group of Chinese investors is currently in Islamabad as the Chinese president is arriving in Pakistan today (Monday) to sign some 50 different accords worth $46 billion, majority of which are energy based.

Heads of all Chinese companies have already reached Islamabad and are meeting with government officials and their counterparts for timely and speedy implementation of accords and projects. Orient Group is spearheading this endeavour in collaboration with Shanghai Electric Corporation, which will install 1400MW mine mouth coal-fired power plants in Thar from the coal extracted from Block -1 of Thar coal field.

Banks are now holding less risk, is this the new wave of investment? (UBS Neo )

When Greece hurts, you can benefit. Trade with BDSwiss. (BDSwiss)

Essential Guide to Inheritance Tax - Free 7 page Guide (Buckingham Gate)

The total cost of the project is $3.5 billion from which $1.5 billion is for extracting the coal and the rest is for installation of mine mouth power plants.

Jiang said they are not limited to this project but are also considering other parts of the country for installation of power plants as they see lots of opportunities in Pakistan due to energy crisis which they believe will end with time.

“There are lots of investment opportunities in Pakistan as the country’s energy requirements are increasing more than the population growth. There are lots of opportunities to invest in Pakistan’s energy sector as curbing this crisis is a long term process,” he added. Jiang is also willing to invest in Punjab though the plans are not clear yet.

“We just have a preliminary meeting with Punjab Chief Minister Shahbaz Sharif but currently we are not engaged with them. We met them to have first-hand information about their plans; however in future we have plans to invest in coal-fired power plants in Punjab,” he added.

“Coal is very important to meet the future energy needs of Pakistan, we think that Pakistan should take full advantage of 175 billion tons of coal reserves in Thar desert of Sindh,” said Weikai Gao, Chief Executive Officer of Global Mining China. Global Mining China is the parent company of Sino-Sindh Resources, which is working on coal extraction from Block-I at Thar. Talking with The Express Tribune, Gao said they are not limited to what they are currently doing in Thar, “We have also some other plans, one of which is to expand the coal mining and increase power generation to up to 4000MW from Block-I,” he said.

“In future we will import machinery and boilers from China to dry coal as China are the 3rd country in the world that provides technology to dry the coal. Later, if things go smooth, we will look into the possibilities to export the dry coal,” he said.

Weikai does not see any impediments from the judicial system of Pakistan. “We believe in judicial system of Pakistan and we believe in long lasting friendship between Pakistan and China. We are working and progressing according to the plan to start power generation from first unit in 2018,” he added.

Originally Published in The Express Tribune,

You May Like Sponsored Links by Taboola

The Most Exciting MMORPG You've Ever Played. Don't miss this! Spart a Online Game Aged 35 he speaks 11 languages - his 11 tricks to learn any language Babbel

Top 10 Movie Sexually Attractive of All Time! Share T he Buzz

10 Celebs Who Married Ordinary People Or Fans Celebriplanet .co m

   

tweet RELATED ARTICLES MORE FROM AUTHOR

AUT O SECT O R ENERGY SECT O R IN-DEPT H

Pakistan Yet To Develop Own Auto Standards (PSO) Optimism Assuming Firm Holdings Set Stage For Entry Into Emerging Control Discouraged Profit Markets

AUT O SECT O R ENERGY SECT O R NEWS

Volumetric Decrease At Millat Tractors Waqar Hassan Siddique Named K-Electric (KEL) Stock Exchange To Become Pakistan Stock Chairman Exchange

BANKING SECT O R INDUST RIES FERT ILIZER SECT O R

State Bank Of Pakistan, FBR Sign MoU On Pak Elektron Ltd (PAEL) ~ Expect Seasonal Dip In Engro Fertilizer Ltd (EFERT) Uncertain Gas Flows To Computerization Of Form E To Secure Exports 3Q Earnings; Maintain Estimates Pose Difficulties

ENERGY SECT O R AUT O SECT O R ENERGY SECT O R

Loan Agreement Sign Between K-Electric & OPIC Income Surge 159% Of (GHNL) Fresh Proposition Stipulates PSM Area Exchange To Gas Utility

Advertisement 04 sec

You May Like Sponsored Links by Taboola You May Like Sponsored Links by Taboola The Most Exciting MMORPG You've Ever Played. Don't miss this! Spart a Online Game

15 Most Beautiful Women In The World Crazy Freelancer

The Most Exciting MMORPG You've Ever Played. Don't miss this! Spart a Online Game

You May Like Sponsored Links by Taboola

12 Haunted Hotels You Can Visit Right Now Crazy Freelancer Photos of Kardashians/Jenners Before And After The Magic Red Wire Wo rld

Banks are now holding less risk, is this the new wave of investment? (UBS Neo )

When Greece hurts, you can benefit. Trade with BDSwiss. (BDSwiss)

Essential Guide to Inheritance Tax - Free 7 page Guide (Buckingham Gate)

MORE World News New York Times Looks For Ways To Fight Ad Blocking Our Co rrespo ndent - October 29, 2015

The New York Times Co. said it is looking at ways to combat the ad blocking software that threatens to hurt many publishers’ online...

Time Warner Cable (TWC) Loses Only 7,000 Video Subs In Its... October 29, 2015

Is Walt Disney Co (DIS) A Good Stock To Own? A... October 29, 2015

ConocoPhillips Reports Biggest Loss Since 2008 on Oil Crash October 29, 2015

Banks are now holding less risk, is this the new wave of investment? (UBS Neo )

When Greece hurts, you can benefit. Trade with BDSwiss. (BDSwiss)

Essential Guide to Inheritance Tax - Free 7 page Guide (Buckingham Gate)

HOT NEWS World News World News New York Times Looks For Ways To Fight Ad Blocking Time Warner Cable (TWC) Loses Only 7,000 Video Subs In Its...

World News World News Is Walt Disney Co (DIS) A Good Stock To Own? A... ConocoPhillips Reports Biggest Loss Since 2008 on Oil Crash

EDITOR PICKS

New York Times Looks For Ways To Fight Ad Blocking October 29, 2015

Time Warner Cable (TWC) Loses Only 7,000 Video Subs In Its... October 29, 2015

Is Walt Disney Co (DIS) A Good Stock To Own? A... October 29, 2015

POPULAR POSTS

State Bank Of Pakistan Will Present New Currency Notes! June 8, 2015

MasterCard Inc. (MA) Insider MasterCard Establishment Emptied 22,162 Shares July 17, 2015 Ericsson Benefit Hit By Higher Expenses..! July 17, 2015

POPULAR CATEGORY

World News 1644

IN-DEPTH 883

NEWS 673

ENERGY SECTOR 493

BANKING SECTOR 379

CEMENT SECTOR 297

INDUSTRIES 275

FERTILIZER SECTOR 191

ANNOUNCEMENTS 144

ABOUT US

Wish Stocks is Pakistan's best financial news & in-depth analysis sharing portal. We gimmick heading firm houses and monetary institutions' analysis. We are also planning to include inphographics in our projects, which will be absolutely captivating visually.

Contact us: [email protected]

FOLLOW US

   

Disclaimer Privacy Policy Terms & Conditions About Us Contact us

© Copyright 2015 - Wish Family (Pvt) Ltd.