ISLAMABAD - YEMA group of China has shown interest in investing in Pakistan, as the company is involved in thermal power, hydropower, wind power, solar power engineering and power grid construction.
A delegation of YEMA Group, headed by Chen Gang, General Manager, and other members Liu Xiaofeng , Xiao Tingfeng and Jia Linlin called on Special Assistant to Prime Minister and Chairman Board of Investment, Dr Miftah Ismail and Secretary BoI, Imran Afzal Cheema. Representatives of Private Power & Infrastructure Board (PPIB), Alternate Energy Development Board (AEDB), National Logistic Cell (NLC) and Trade Development Authority of Pakistan (TDAP) were also present during the meeting.
Chen Gang, General Manager informed that M/s YEMA Group Limited Company engaged in foreign trade, international engineering contracting, financial investment, construction of large and medium-sized municipal construction works, cultural tourism industry, diversified development of the private enterprise group. Company is also involved in thermal power, hydropower, wind power, solar power engineering and power grid construction, power plant maintenance, large metallurgical systems engineering, outstanding performance. The turnover of the company is one billion dollars.
They can also provide financial support and funds from various solutions for customers, China bank loans, to organise and implement the general contract (project) in the way of EPC, engineering, procurement and construction.
Chairman BoI said that Pakistan has reserves of 175 billion metric tons of coal at Thar Coal and 100,000MW energy can be produced for the next 200 years. He said that investment in Gadani power project is priority of the present government. Secretary BoI explained that investment in energy sector is the priority of the government to bridge the gap of demand and supply of power. He also highlighted the investment policy and incentives offered in the special economic zones of Pakistan.
The Director NLC, Asghar Nawaz proposed that NLC is seeking investment for construction of border terminals with the neighboring countries, included, one with China two with India and one with Iran. He also offered joint venture for the construction of motorway between Karachi - Hyderabad.