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Chinese investors offer to invest in KP energy sector

A group of the heads of Chinese investment companies, who called on Chief Minister Pervez Khattak on Wednesday, offered to invest in the energy sector particularly hydel power generation in Malakand division.

Welcoming the offer, the chief minister said the Chinese companies had shown interest to make huge investment in Khyber Pakhtunkhwa. A handout said Pervez Khattak held a meeting with the investors here.

They included Zhang Lida (EO China Beijing company Ltd), Chen Qijin, Tao Xiujuan, Ms Zhai Lei, Cao Wenjian (Chairman Pak-China Investment Company), Zhang Yanzi, Madam Luxiao (CEO HP Winner Lighting & Design Marketing Hangzho China) and Energy Lamps Unit Ltd representatives. Rafaqatullah Babar, advisor to CM on Economic Affairs and In-charge Investment Promotion Cell, Muhammad Ashfaq Khan, Principal Secretary to CM, Khalid Pervez, Additional Chief Secretary, Sahibzada Saeed Secretary Energy & Power, Secretary Planning & Development, Heads of SHYDO and KPHA and others attended the meeting.

The meeting termed the energy designs and models of Chinese companies safe, successful and environment friendly that could withstand extreme weather conditions and sustained minimal damage in earthquakes and floods.

“The projects could create thousands of job opportunities for local engineers, skilled and unskilled youth,” the handout said. Pervez Khattak directed the relevant authorities to provide all facilities to the investors under one-window operation.

He said the provincial government would take effective steps to provide security to the Chinese investors and meet all the requirements to secure their investment. He said the foreign investors would never feel any insecurity in the province.

The Chinese investors said that they had no reservations about their security or safety of investment in Khyber Pakhtunkhwa and they considered it their second home. They said that they would be pleased to engage the local people in economic activities.

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