Senior executive from leading Chinese enterprises from power sector – China Gezhouba Group Overseas Invesstment Company Limited and China State Grid – held separate meetings with Pakistan Ambassador to China, Ms. Naghmana A. Hashmi.
Welcoming the visitors, Ambassador Hashmi underscored that Pakistan-China cooperation in the power sector had developed rapidly, especially following the advent of China Pakistan Economic Corridor (CPEC), a flagship project of Belt and Road Initiative.
The Ambassador noted that uninterrupted energy supplies were a prerequisite for sustaining economic growth and improving people’s standard of living.
Pakistan’s power shortages had been greatly alleviated in recent years, thanks to fruitful Pakistan-China cooperation.
Guided by the consensus of the leadership and with the support of the peoples of both countries, enterprises from Pakistan and China would play a key role in forging a closer Pakistan-China All-Weather Strategic Cooperative Partnership for Shared Future in the New Era, Ambassador Hashmi stated.
“Pakistan and China should maintain the momentum of our effective energy cooperation to realize further benefits for the peoples of both countries,” she added.
In their remarks, the enterprise leaders reiterated their commitment to promoting sustainable development of Pakistan’s power sector through continued investment in renewable energy and advanced power transmission and distribution systems.
Demand for electricity would continue to increase as the pace of socio-economic development picks up in Pakistan, especially with the imminent launch of CPEC Special Economic Zones (SEZ), the enterprise leaders noted.
This would multiply win-win cooperation opportunities for enterprises in both countries, the executives stated.