Korean firm keen to invest in wind power

ISLAMABAD (APP) - Saleem H. Mandviwalla, Chairman, Board of Investment, met with two members Korea Southern Power Co. Ltd, Korea (KOSPO) delegation that came here Monday to explore investment opportunities in Pakistan in Power and Alternate Energy Sectors. The delegation comprised Seog-Ho Park, General Manager and Do-Koan JANG, General Manager of the company. Chairman, Board of Investment encouraged the delegation to invest in wind power sector. Giving an overview of the business opportunities available in Pakistan, Mandviwalla told Korean entrepreneurs to take advantage of the government's liberal investment policies to make further investments in power and wind sectors. Additionally, the representatives of Private Power Infrastructure Board (PPIB) and Alternative Energy Development Board (AEDB) made detailed presentations to showcase investment potential in Power and Wind Sectors of Pakistan. Seog-Ho Park, General Manager of KOSPO showed his interest to invest in wind sector of Pakistan. In the end, Chairman, Board of Investment, thanked the members of the delegation for visiting Pakistan. He assured to extend all possible assistance required to them. Korea Southern Power Co., Ltd. (KOSPO), a fossil fuel power generation company (GENCO), is wholly owned by Korea Electric Power Corporation (KEPCO). The KOSPO has an installed generating capacity of 7,766 megawatts (MW), comprising coal-fired units (3,000 MW), LNG-fired (3,600 MW), oil-fired (745 MW), pumped storage (400MW) and wind powered (21MW). The company accounts for approximately 11.0pc of installed capacity in South Korea. Chairman, Board of Investment encouraged the delegation to invest in wind and power sector here in the country. Additionally, the representatives of Private Power Infrastructure Board and Alternative Energy Development Board made detailed presentations to showcase investment potential in wind power sector of Pakistan. Seog-Ho Park, General Manager of KOSPO showed his interest to invest in wind sector of Pakistan. Giving an overview of the business opportunities available in Pakistan, Mr. Mandviwalla told Korean entrepreneurs to take advantage of the government's liberal investment policies to make further investments in power and wind sectors. In the end, Chairman, Board of Investment, thanked the members of the delegation for visiting Pakistan. He assured to extend all possible assistance required to them.

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