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Thread: Chinese Companies ready to invest in Pakistanís energy sector: Lou Sang

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  1. #1
    Senior Member Pak92's Avatar
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    Chinese Companies ready to invest in Pakistanís energy sector: Lou Sang


    Saturday, 14 September 2013 14:20 Posted by Parvez Jabri

    ISLAMABAD: Many Chinese companies have shown interest to explore Pakistan’s energy sector for making investment in hydro, solar and wind energy projects and help it in overcoming its energy problems, said Luo Sang, Vice Secretary of Sichuan Chamber of International Commerce during a meeting with Zafar Bakhtawari, President, Islamabad Chamber of Commerce & Industry.
    Zubair Ahmad Malik, President, Federation of Pakistan Chambers of Commerce & Industry was also present at the occasion.

    Lou Sang said they have come to Pakistan to explore Pakistani market for investment opportunities so that more Chinese companies could come to Pakistan for direct investment and joint ventures.
    He said Pakistan fruits are quite famous in China, especially in Sichuan Province and Pakistan could further improve exports of its fruits to China by improving their packaging quality.
    He said Sichuan Chamber of International Commerce is one of the biggest trade bodies of China and its main objective is to promote Chinese companies in the whole world.

    He stressed for developing close liaison with Pakistani Chambers of Commerce to contribute positively to the promotion of trade and investment between Pakistan and China.
    In his welcome address, Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry said exchange of visits by the Pak-China Prime Ministers have opened a new chapter of thriving relations between the two countries.

    He said business communities of is very optimistic about the Pak-China economic corridor project as it would unravel a new phase of business and economic opportunities not only for two countries, but also for the whole region.

    Zubair Ahmad Malik, President, Federation of Pakistan Chambers of Commerce & Industry said business community of Pakistan is quite upbeat to establish strong relations with Chinese counterparts and keeping in view this fact, FPCCI has opened its two representative offices in China, one in Chengdu and the other in Kunming.

    The purpose of opening these offices is to promote direct connectivity between the private sectors of both countries so that they could expand bilateral trade relations in all potential areas.

    http://www.brecorder.com/top-news/1-...-lou-sang.html
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    Re: Chinese Companies ready to invest in Pakistanís energy sector: Lou Sang

    Been hearing this for a while - they are ready to invest but for some reason they just seem to be in "ready to invest mode" - What needs to happen for them to actually invest??

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    Re: Chinese Companies ready to invest in Pakistanís energy sector: Lou Sang

    They are investing but better security would help to increase their and others involvement

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    Senior Member KingKong's Avatar
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    Chinese companies to get army-backed security in Pakistan



    The government in Pakistan has decided to provide army-backed security to big Chinese companies in the country to ensure their absolute protection, local media reported Monday.


    Dawn News said that the federal cabinet agreed in principle last week to allay fears of Chinese investors by ensuring foolproof security to them, and the final decision was made after consultation with the military top brass who fully supported the move.

    In a meeting of the federal cabinet on Feb. 25, it was decided that the best possible security would be provided to Chinese investors and the only option left with the government in this regard was to assign this task to the army.

    Quoting an unidentified official with the Prime Minister House, the paper said that the government has already conveyed its decision to the Chinese authorities after thorough deliberations with all concerned officials.

    The official said that in every meeting Prime Minister Nawaz Sharif had with Chinese businessmen and companies in both the private and public sectors during his visit to China last July, serious concerns were expressed about the fragile security situation.

    Pakistan is presently working on 16 projects in which Chinese investors have shown interest. These include nuclear, solar, coal and hydro-electric power projects.

    http://www.wantchinatimes.com/news-s...20140305000054

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    Senior Member Amjad Hussain's Avatar
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    China to invest $6bn in Pakistan's energy sector

    ISLAMABAD: Minister for Water and Power Khwaja Asif said on Tuesday that Pakistan will overcome energy crisis with Chinese assistance for coal-fired power plants in the country as part of $6 billion investment in the energy sector, Radio Pakistan reported.
    Speaking at a meeting of Pakistan-China working group, which began in Islamabad on Tuesday to review implementation of energy and Pakistan-China trade corridor projects, Asif said Chinese investors will be invited to install coal-fired power plants in Pakistan.
    Minister for Planning and Development Ahsan Iqbal claimed that over three billion people stand to benefit from the Pakistan-China economic corridor.
    Vice President of Chinese National Energy Administration said China plans to make investment of $6 billion dollars in energy sector of Pakistan.

    http://tribune.com.pk/story/695988/c...energy-sector/

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    Senior Member Jameel's Avatar
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    Chinese bank to invest in Pakistan's energy sector

    BEIJING - China's Exim Bank has pledged to invest billions of dollars in Pakistan's energy sector, in line with the Chinese government's policy to have maximum economic interaction between the two brotherly countries.


    In this connection, a framework of credit financing will be signed during the forthcoming visit of Chinese President Xi Jinping to Pakistan, said Lei Wentao, deputy general manager of Exim Bank at a press briefing held here on Wednesday. The bank has already provided $800 million to Pakistan as financial support for carrying out its development projects, mainly in energy and transport sectors.


    Lei said a number of agreements and memorandum of understanding (MoU) will be signed during the president's visit to Pakistan to help improve its economy. To a question, he said that the financial arrangements with Pakistan have been smooth and positive in the past. "Pakistan has a very good credit record," he said.


    He further said that the Chinese leadership attached great importance to Pakistan and wished active participation of its socioeconomic development, adding that the bank is willing to provide maximum support to Pakistan for overcoming its electricity shortage. "We are waiting for the feasibility reports of some projects from Pakistan, so that the financial arrangements could be finalised," he said.


    He said that China is also looking forward to invest heavily in construction of Pak-China economic corridor. To another question, Lei said that 90 per cent credit of the bank is going to the energy sector, hoping Pakistan will soon overcome this problem. He also appreciated the current economic growth in Pakistan and said it is very attractive for the Chinese companies. "More and more Chinese companies are now willing to invest in Pakistan," he said.

    http://www.dailytimes.com.pk/busines...-energy-sector

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    Re: Chinese bank to invest in Pakistan's energy sector

    Quote Originally Posted by Jameel View Post
    BEIJING - China's Exim Bank has pledged to invest billions of dollars in Pakistan's energy sector, in line with the Chinese government's policy to have maximum economic interaction between the two brotherly countries.


    In this connection, a framework of credit financing will be signed during the forthcoming visit of Chinese President Xi Jinping to Pakistan, said Lei Wentao, deputy general manager of Exim Bank at a press briefing held here on Wednesday. The bank has already provided $800 million to Pakistan as financial support for carrying out its development projects, mainly in energy and transport sectors.


    Lei said a number of agreements and memorandum of understanding (MoU) will be signed during the president's visit to Pakistan to help improve its economy. To a question, he said that the financial arrangements with Pakistan have been smooth and positive in the past. "Pakistan has a very good credit record," he said.


    He further said that the Chinese leadership attached great importance to Pakistan and wished active participation of its socioeconomic development, adding that the bank is willing to provide maximum support to Pakistan for overcoming its electricity shortage. "We are waiting for the feasibility reports of some projects from Pakistan, so that the financial arrangements could be finalised," he said.


    He said that China is also looking forward to invest heavily in construction of Pak-China economic corridor. To another question, Lei said that 90 per cent credit of the bank is going to the energy sector, hoping Pakistan will soon overcome this problem. He also appreciated the current economic growth in Pakistan and said it is very attractive for the Chinese companies. "More and more Chinese companies are now willing to invest in Pakistan," he said.

    http://www.dailytimes.com.pk/busines...-energy-sector

    Here's the situation thus far -- The Government of Pakistan which insist it be a middleman between power producers, distributors and consumers, cannot pay or refuses to pay the power producers - should Chinese banks and companies invest in the energy sector, particularly power production, they will find that their investment will have no returns, Pakistanis do not repay loans, it's not the kind od thing that has any respectability in Pakistan.

    However, if the government can be moved out of the business of being in business, then there is hope.
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    Senior Member Jameel's Avatar
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    Hydrocarbon search: Pakistan lures Chinese exploration companies

    KARACHI: The ambassador of Pakistan to China has wooed Chinese companies to explore and establish joint ventures with local petroleum companies and highlighted the encouraging success rate of oil and gas discoveries in the country.

    ďMany foreign companies have benefitted from the enabling environment for prospective investors in Pakistan,Ē Ambassador Masood Khalid stressed while speaking at the Pakistan Oil and Gas Promotion Conference in Beijing on Friday.

    The conference, jointly arranged by the China Overseas Investment Union and Pakistanís embassy in Beijing, showcased the countryís massive hydrocarbon potential in an effort to stimulate Chinese investment.

    Khalid drew the attention of investors, who were present in large numbers, to the plentiful opportunities on offer in the exploration and production of coal, shale gas, minerals and oil.

    He said Pakistanís oil and gas sector had developed considerably in recent years with a liberal investment regime for foreign investors.

    Under the policies, local and foreign investors are being equally treated and up to 100% foreign equity investment is allowed. Remittance of royalty, dividends, capital and profits is also permitted and foreign investment is fully protected.

    The envoy also underscored the importance of Pakistanís ideal location for trans-regional trade and investment because of its unique geography, saying it provided the cheapest and most viable sea route from western China to Central Asia, Middle East and Africa.

    ďPakistan is naturally positioned to serve as the energy and trade corridor for China and the Gwadar Port provides the channel for transporting goods and supplying energy to and from China.Ē

    The deep-sea port once fully developed and operational could not only meet urgent energy needs of China, but would do that in the most efficient way, Khalid said, adding an oil terminal and a refinery would be set up soon in addition to establishing primary infrastructure in Gwadar.

    China Overseas Investment Union Executive Director Zheng Shuai expressed the hope that the incentives would encourage more Chinese oil and gas companies to venture into Pakistanís hydrocarbon sector.

    http://tribune.com.pk/story/773565/h...ion-companies/
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