ISLAMABAD: Cabinet Committee on Energy met in Islamabad on Tuesday with Minister for Water and Power Khwja Asif in the chair to discuss K-Electric transaction
During the meeting, S
hanghai Electric Power, new proposed shareholder of K-Electric, presented their Business Plan worth nine billion dollars for improving and value adding in the KE power infrastructure including transmission, distribu
tion and generation.
S
hanghai Electric Power, one of the largest companies in power sector in China, also shared their p
rofile and international expertise and similar experience.
Government of Pakistan appreciated and welcomed the investment and change of shareholder in K-Electric.
Government of Pakistan also highlighted the need for K-Electric to synchronize their plans of investment to bring up the infrastructure and the generation facilities, with the overall national plan for minimizing and eliminating load shedding in the country by 2018. Government of Pakistan ensures its support to the
efforts for improvement in the quality and quantity of servic
e to the consumers of K-Electric.
Minister for Petroleum and Natural Resources, Chairman Privatization Commission, Chairman Board of Investment also attended the meeting.
Senior high level representatives from of Ministries of Water and Power, Petroleum & Natural Resources, Finance and Law and Justice Division also attended the meeting. S
hanghai Electric Power, new proposed shareholder of K-Electric, along with the management of KE presented their Business Plan worth 9 billion US$ for improving and value adding in the KE power infrastructure including transmission, distribu
tion and generation.
