Koreans keen on power projects
ISLAMABAD, Aug 27: The South Korean National River Restoration Organisation has offered assistance to Pakistan in flood protection projects and technical assistance for the development of hydropower projects.
South Korean Minister-In-Charge of National River Restoration, Myung-Pil Shim, currently visiting Pakistan, held talks with Water and Power Minister Ch Ahmad Mukhtar here on Monday and expressed keen interest to invest in hydropower and water sector projects.
Speaking on the occasion, Myung-Pil Shim said that the South Korean companies were already working in different water and power sector projects and more investors were keen to utilise the opportunities particularly in the water and hydropower
sectors in Pakistan.
South Korea has expertise in the field of flood mitigation and interested to share their experience and technical know-how with Pakistan.
He also discussed various issues of mutual cooperation to further enhance economic ties between the two countries.
While welcoming the delegation, Ch Ahmad Mukhtar appreciated the Koreans for showing their interest to invest in the power sector, and explained that Pakistan had great potential in the hydropower generation.
The work on number of hydropower and water storage projects was in progress. The Korean delegation was offered to invest in the Neelum Jhelum hydropower projects of 969MW and Diamer Basha dam project of 4500MW.