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TwitterMalaysian investors and businessmen have vast opportunities for investment in Pakistan's energy sector given a massive gap between demand and supply with power shortage reaching 7000MW at peak hours in the current summer, said Pakistan’s High Commissioner in Malaysia Masood Khalid.
He was addressing a ceremony here in Malaysia upon an agreement reached between Malaysia's Tenaga Nasional Bhd's (TNB) unit TNB Repair and Maintenance Sdn Bhd (TNB Remaco) and Pakistan's Laraib Energy, an offshoot of HUB Power Company, the ceremony held here in Malaysia.
"Our system is falling short of meeting the demand which comes as a good opportunity to overseas investors, especially those from Malaysia, to come and invest aggressively in this sector to help meet growing energy needs of Pakistan," the high commissioner said.
Under the agreement, TNB Remaco will provide services worth $14.1m (RM43m) for the operation and maintenance of 84MW New Bong Escape Hydroelectric Power Complex being built at a cost of $235 million on the Jhelum River in Azad Jammu and Kashmir.
The services would be provided for an initial period of five years with an option of extending it for another seven years. The 15-month mobilisation period for the project is likely to commence in August this year.
He was addressing a ceremony here in Malaysia upon an agreement reached between Malaysia's Tenaga Nasional Bhd's (TNB) unit TNB Repair and Maintenance Sdn Bhd (TNB Remaco) and Pakistan's Laraib Energy, an offshoot of HUB Power Company, the ceremony held here in Malaysia.
"Our system is falling short of meeting the demand which comes as a good opportunity to overseas investors, especially those from Malaysia, to come and invest aggressively in this sector to help meet growing energy needs of Pakistan," the high commissioner said.
Under the agreement, TNB Remaco will provide services worth $14.1m (RM43m) for the operation and maintenance of 84MW New Bong Escape Hydroelectric Power Complex being built at a cost of $235 million on the Jhelum River in Azad Jammu and Kashmir.
The services would be provided for an initial period of five years with an option of extending it for another seven years. The 15-month mobilisation period for the project is likely to commence in August this year.
