President Zardari witnesses $300 million deals in energy, coal between Chinese investor and Pakistani stakeholders.
On Thursday, President Asif Ali Zardari witnessed the signing of Memorandums of Understanding (MoUs) in Beijing, totaling over $300 million in the energy, coal, and cement sectors.
The agreements, signed between Pakistani stakeholders and Chinese investors, aim to drive industrial growth and improve energy sustainability in Pakistan.
An MoU was signed between the Energy Department of Sindh and Ming Yang Renewable Energy (International) Company Ltd. to promote renewable energy projects in the province.
Pakistan’s Ambassador to China, Khalil Hashmi, represented the Ministry of Energy, while Li Jianzhang, Chairman of Ming Yang Renewable Energy, signed on behalf of the Chinese side. The collaboration will focus on wind and solar hybrid power projects, including a 75 MW plant in the Kotri/Nooriabad Industrial Area and a 350 MW facility in Jhimpir, Thatta.
In the cement sector, Thatta Cement Company Limited and Zhonggang Construction Group formalized plans for a new cement production line with a capacity of 5,000 t/d.
Furthermore, the Sindh Government signed an agreement with MESKAY FEMTEE CG&M Pvt. Ltd. to establish a coal gasification and urea production plant in Pakistan, as reported by Gwadar Pro.
The signing ceremony was attended by key officials, including Sindh Chief Minister Syed Murad Ali Shah, Senator Saleem Mandviwalla, Senior Minister of Sindh Sharjeel Inam Memon, Minister for Energy and Planning Syed Nasir Hussain Shah, Pakistan’s Ambassador to China Khalil Hashmi, along with senior government representatives, business leaders, and industry stakeholders.
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