South Korean firm keen to invest in Sindh power projects

Karachi, April 29, 2011 (PPI): A delegation of Korean Southern Power Company Limited (KOSPO) on Friday called on the Advisor to Chief Minister on Investment Muhammad Zubair Motiwala at his office.

According to a press release, they offered of generating 2,000megawatts of power within 5-year period in Sindh. They also committed to produce 200 MWs in first two years. The delegation was led by Mr. Park, Seog-Ho, and General Manager of Hyundai Corporation Jin Han Chung.

The representative of Hyundai Corporation also expressed their intention of setting up ‘wind turbine assembly plant’ to assist their projects. The delegation was also given presentation on Thar coal prepared by Thar Coal and Energy Board where they pointed their interest.

Zubair Motiwala assured his support for the project and vowed the delegation of full cooperation in locating the suitable land as per the government’s investment policy.

Sindh Board of Investment and Korean entrepreneur will formulate a strategy to sign Memorandum of Understanding (MoU) during the visit of Investment delegation headed by Chief Minister Sindh to South Korea from 17th to 28th May 2011.