MoU for 2000MW wind power project signed

KARACHI: A total of $6 billion worth of investment is expected from the South Korean in various energy projects in the province, said Chief Minister Syed Qaim Ali Shah here on Sunday.“Korean Southern Power Company (KOSPO) has signed a MoU with Sindh Board of Investment (SBI) to establish wind power project in Gharo-Keti Bandar wind corridor to produce 2000MW electricity,” he said here Sunday at a press briefing.South Korean entrepreneurs in private and public sector have shown interest in investing in the province, he said.

Shah said that 20 representatives of private sector and 8 government officials represented Pakistan at the fair and meetings with Korean counterparts.“Koreans expressed their desire to invest in energy, coal field development, infrastructure and mass transit system,” he added.He said an MoU was also signed between Sindh Board of Investment (SBI) and Korean Importers Association to boost export from the province.Shah said that on his invitation a delegation of Korean businessmen will visit Pakistan soon, particularly Sindh to explore investment opportunities.He said that the delegates also attended host of seminars and exhibitions organised by Korean Chamber of Commerce and Industry and the Pakistani counterparts had successful interaction with them.Speaking on the occasion, Advisor to Chief Minister Zubair Motiwala said that the Korean entrepreneurs have been invited to visit Pakistan and explore investment opportunities. He said that the Koreans will be given tax incentives in economic zones of the province. – ThenNation