The News reported that the Sindh government has signed 4 MoUs with two Chinese companies for investment in the energy projects worth USD 10 billion.

Mr Nisar Khuhro speaker of Sindh Assembly said that “The investment will be made by the Chinese companies in Thar coal, wind power and manufacturing plant for wind turbines.”

Mr Zubair Motiwala chairman of Sindh Board of Investment and Mr Younus Dhaga Sindh Energy Board Secretary were also present on the occasion. Under the MoU signed with 3-Goges Corp, 1,000 MW energy will be produced through wind mills to be installed along the coastal belt covering Thatta and Badin areas in Phases III.

He said that under the second MoU, 4,000 MW will be produced by exploiting the coal resources of Thar and the third MoU on 300 MW coal energy project will be initiated at Sonda area of Thatta.

Mr Motiwala said that the fourth MoU signed with Ocean Group of China, which already has its presence in Pakistan, a 150 MW energy production project will be launched in interior of Sindh. The investment will be made in phases during the next 5 to 6 years. All the MoUs were signed in Beijing.

Mr Khuhro said that these companies have signed the MoUs after reviewing all the pros and cons of the investments in the province. The infrastructure development projects had already been launched in Thar area to facilitate the investment by Sindh government in collaboration with the federal government.

(Sourced from www.thenews.com.pk)