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Pakistan has potential to generate 80,000 MW of hydel-power

Muhammad UsmanMultimedia Journalist

07th Sep, 2020. 09:14 pm
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Pakistan has potential to generate 80,000 MW of hydel-power

The President of Pakistan Dr. Arif Alvi held a meeting with the Australian delegation led by Andrew Forrest, chairman of Fortescue today.

During the meeting, the President said that foreign investors need to take advantage of the liberal investment climate while Pakistan is rich in mineral resources.

As well as foreign investors should also make the most of the opportunities in the mineral sector.

President Dr. Arif Alvi further said that Pakistan has the potential to generate 80,000 MW of hydel power while Pakistan’s investment policy provides a comprehensive framework for creating a conducive business environment for foreign investors.

During the meeting, Mr. Andrew Forrest, Chairman of Fortescue Metals Group Limited, Australia, said that the Fortisco Group was keen to invest in hydropower and minerals.

Earlier, Prime Minister Imran Khan had a meeting with Mr. Andrew Forrest, Chairman, Fortescue Metals Group Limited, Australia.

The Prime Minister spoke on economic recovery as a result of effective government policies, while Andrew Forrest praised the government’s strategy for dealing with Corona.

Andrew Forrest, chairman of Fortescue Metals Group Limited Australia, expressed interest in investing in renewable energy and the green industry, saying the investment would create jobs for the local community.

In the meeting, Prime Minister Imran Khan appreciated the interest of the Fortescue Group in investing in Pakistan.

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