Finance Minister Muhammad Aurangzeb has underscored the importance of collaboration between Pakistani and Chinese companies to advance sustainable and efficient energy solutions.
During a meeting with the delegation from Port Qasim Electric Power Company, led by Power China Resources President Yang Tianyu, held in Islamabad today, the Finance Minister highlighted the critical role of this partnership.
He reaffirmed the government’s strong dedication to enhancing the energy sector and expressed confidence in the Port Qasim Electric Power Company’s pivotal role in addressing Pakistan’s energy needs.
The discussions covered various issues within the power sector, including payments to energy producers and potential solutions to ensure timely settlements.
The Chinese delegation was informed that the government is taking proactive measures to support this transition, such as launching a railway line to facilitate the efficient handling of local coal.
The Finance Minister also updated the delegation on the government’s structural reforms, especially in the energy sector, and the ongoing privatization of power supply companies and state-owned enterprises.
Aurangzeb assured the delegation of the government’s firm commitment to providing necessary support and addressing any obstacles that might affect the operation of these power plants.
He reiterated the government’s commitment to fulfilling all obligations, particularly in government-to-government projects, and upholding the integrity of contracts in both letter and spirit.
The Finance Minister expressed optimism that, through mutual understanding and cooperation, both parties could develop sustainable solutions to the key challenges in the power sector, ensuring its long-term success.
The meeting concluded with an agreement to form a working group consisting of members from PQEPC, the Power Division, and the Finance Division. This group will oversee daily progress and ensure the effective and timely implementation of the agreed initiatives.
Related Posts
