PESHAWAR: Heads of different Chinese investment companies have offered investment in energy sector, especially in hydel power generation, in the northern districts of Khyber Pakhtunkhwa province, including Malakand region.
The Chinese investors made the offer during a meeting with the Khyber Pakhtunkhwa Chief Minister Pervez Khattak here on Wednesday.
Zhang Lida, executive officer of China Beijing Company Ltd, Mr Cao Wenjian, chairman of Pak-China Investment Company, Madam Luxiao, CEO HP Winner Lighting & Design Marketing Hangzho, China, Mr Chen Qijin, Ms Tao Xiujuan, Ms Zhai Lei, Mr Zhang Yanzi, and Energy Lamps Unit Ltd representatives were among the delegation.
Rafaqatullah Babar, advisor to the chief minister on economic affairs and in-charge investment promotion cell, Sahibzada Saeed, secretary energy and power, Khalid Pervez, additional chief secretary, and other concerned authorities were also in attendance.
The chief minister welcomed the offer and said that the Chinese companies were not only showing interest in investment in Khyber Pakhtunkhwa but had also made considerable progress in this regard.
Besides holding meetings with the concerned authorities and obtaining details of investment, the Chinese investors also visited and inspected the areas of their interest in the province.
The Chinese investors said that they had no reservations about their security or safety of investment in the province because KP was their neighbouring province and they considered it their second home.
They said that they would be pleased to involve the local people in their economic activities to enable them to join the mainstream of national reconstruction.
The chief minister directed the authorities to provide all possible facilities to the Chinese entrepreneurs under one-window operation.
He assured that provincial government would take effective steps for protection of the investment as well as the security of the Chinese businessmen and would fulfill all the requirements and guarantees needed in this respect.
The provincial government authorities termed the energy designs and models of Chinese companies comparatively safe, successful and environment friendly in all respects that could absorb pressure of extreme weather and minimal damage possibilities in earthquakes and floods.
Similarly, another Chinese firm has showed interest to invest $13.250 million in the export processing zone in Risalpur, Nowshera.
Wang Hong Liang, chief executive of Pearl River Mining (Pvt) Limited, heading a five-member delegation, held a meeting with the chairman of Sarhad Development Authority (SDA) Azam Khan and offered investment to set up an industry of processing raw copper ore in the Risalpur EPZ and to create at least 110 jobs for local people.
The SDA chairman assured the Chinese delegation that the provincial government would provide all kinds of facilities to them to set up the unit at the earliest.
