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Russia offers to invest in energy sector
ISLAMABAD - Russia has offered Pakistan to invest in energy sector and export 5000MW electricity through Kyrgyzstan-Afghanistan route.
A Russian delegation, led by the energy deputy minister, comprised representatives of major energy companies on Thursday called on Planning, Development and Reforms Minister Ahsan Iqbal and discussed cooperation in energy sector. The delegation extended its cooperation in energy sector, including import of electricity, LNG, natural gas, coal power production and oil and gas exploration.
Russian investors offered 100 percent technical and financial solutions for the Jamshoro and Muzaffargarh power plants and also showed interest to invest in Gaddani Power Park.
Russia is building hydro-power plants in Kyrgyzstan and Tajikistan, including 3900MW project in Kyrgyzstan, and looking for new markets to export cheap electricity. Russian delegation made an initial offer of 1000MW which would subsequently be increased to 5000MW and this electricity will be available throughout the year.
Russian companies also showed interest in export of LNG and oil exploration in Pakistan.
Speaking on the occasion, the Russian deputy minister said he was encouraged with policies of the government and Russian investors were eager to invest in energy sector of Pakistan.
He stressed the need for forming a working group to tap the potential of energy cooperation between the two countries and offered cooperation in modernizing existing thermal plants and shifting them into coal-fired technology.
Russia offers to invest in energy sector | Pakistan Today | Latest news | Breaking news | Pakistan News | World news | Business | Sport and Multimedia
ISLAMABAD - Russia has offered Pakistan to invest in energy sector and export 5000MW electricity through Kyrgyzstan-Afghanistan route.
A Russian delegation, led by the energy deputy minister, comprised representatives of major energy companies on Thursday called on Planning, Development and Reforms Minister Ahsan Iqbal and discussed cooperation in energy sector. The delegation extended its cooperation in energy sector, including import of electricity, LNG, natural gas, coal power production and oil and gas exploration.
Russian investors offered 100 percent technical and financial solutions for the Jamshoro and Muzaffargarh power plants and also showed interest to invest in Gaddani Power Park.
Russia is building hydro-power plants in Kyrgyzstan and Tajikistan, including 3900MW project in Kyrgyzstan, and looking for new markets to export cheap electricity. Russian delegation made an initial offer of 1000MW which would subsequently be increased to 5000MW and this electricity will be available throughout the year.
Russian companies also showed interest in export of LNG and oil exploration in Pakistan.
Speaking on the occasion, the Russian deputy minister said he was encouraged with policies of the government and Russian investors were eager to invest in energy sector of Pakistan.
He stressed the need for forming a working group to tap the potential of energy cooperation between the two countries and offered cooperation in modernizing existing thermal plants and shifting them into coal-fired technology.
Russia offers to invest in energy sector | Pakistan Today | Latest news | Breaking news | Pakistan News | World news | Business | Sport and Multimedia
