BusinessChinese Company NORINCO Invest in Pakistan’s Renewable Energy Sector

Chinese Company NORINCO Invest in Pakistan’s Renewable Energy Sector

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday greeted the Chinese company NORINCO for showing interest to invest in Pakistan’s renewable energy sector.

He stated these views while speaking to a high-powered delegation of Chinese state-owned Company NORINCO (China North Industries Corporation) run by its vice-president Wang Xiaobing and CEO (Pakistan) Li Chen.

Agreeing to state-owned news:

The NORINCO delegation show intense interest in investing in the wide spectrum of renewable energy projects in Pakistan.

Particularly in the wind corridor in Thatta where a 100 MW wind power project planned.

The company also emphasized the potential venues for investment in fiber optic.

Along the railway lines, copper and iron ore mining at proven reserves, and groundwork development in big cities.

The prime minister said deepening economic cooperation with China was serious to Pakistan’s socio-economic uplift.

Lahore Orange Line Metro Train Project:

Shehbaz Sharif also respected the company for its role in Lahore Orange Line Metro Train project, which, he said, is easing hundreds of thousands of commuters in Lahore on a daily basis.

He remembered that it was for the first time that open command took place in a government-to-government project i.e. Lahore Orange Line.

Also he specified that additional negotiations held with the lowest bidder.

Leading to a saving of USD 600 million. Adding that it was surely a milestone in the development history of Pakistan.

PM also thanked Chinese President Xi Jinping and H.E. Premier Li Keqiang for their consistent and unwavering support to Pakistan, chiefly in current economic situation in Pakistan.

The delegation admired Prime Minister Shehbaz Sharif for his tireless efforts to steer Pakistan out of the existing economic crisis.

Federal Ministers Khawaja Saad Rafique, Syed Naveed Qamar, Chauhdary Salik Hussain, Advisor to PM Ahad Cheema, SAPMs Syed Tariq Fatemi, Mohammad Jahanzeb Khan, Zafar-Ud-Din Mahmood and officials from concerned ministries were also existing in the meeting.

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