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Punjab, Chinese company sign MoU on energy

Punjab Chief Minister Shahbaz Sharif has said that co-operation of Chinese authorities and investors to solve energy crisis in Pakistan will further strengthen diplomatic relations between the two countries. This was stated by him during meetings with heads of various government and semi-government institutions in Beijing on Thursday.

He said that there is a vast scope of generation of electricity from coal, solar energy and hydel power in Pakistan and it is hoped that China will cooperate with Pakistan in benefiting from these resources. He said that all-out facilities and protection will be extended to investors in energy sector and land will also be provided to them on soft term basis for installation of solar system while all-out co-operation will be provided for minimising the cost of production of electricity.

He said that the purpose of the visit of Prime Minister Nawaz Sharif to China is to seek its co-operation in increasing energy production. He said that China is a trusted friend of Pakistan and it is hoped that it will not leave Pakistan alone in the existing situation.

He said that Pakistan does not want aid but friendly co-operation and technical guidance from China. Shahbaz invited the heads of Chinese companies producing electricity from solar power and coal as well as energy experts to visit Punjab and evolve power generation projects on emergent basis.

Meanwhile, a Memorandum of Understanding was signed between Punjab government and a public sector Chinese company, China Energy Engineering Company in Beijing. Provincial Energy Minister Sher Ali Khan signed the document on behalf of Punjab government. Under the agreement, the Chinese company will set up a medium range power generation project from coal. Earlier, underground metro authorities gave a briefing on the transport system to CM. Chinese authorities and experts expressed their willingness to extend co-operation in operating the most modern transport system in the big cities of Punjab.

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