Pakistan and China signed a Memorandum of Understanding for construction of Bunji dam in northern areas of Pakistan. The agreement was signed between Pakistans Ministry of Water and Power and Chinas Three Gorges Project Corporation. Chairman Board of Investment Saleem Mandviwala and Li Yangan, signed the MoU for their respective sides. President Asif Ali Zardari, Pakistans ambassador in China Masood Khan and senior Chinese officials witnessed the signing ceremony. Bunji dam, one of the eight hydel projects shortlisted for construction in the four provinces by WAPDA, will have a capacity of generating 7,000 megawatts of electricity. He said that it was part of Chinas commitment to help Pakistan overcome its power crisis. Prior to the signing of MoU, Li Yangan called on President Zardari, and the two discussed Pakistan China cooperation in hydel power generation. Later President Zardari left for Guangzhou. He will attend a forum on future prospects of investment opportunities in Pakistan. The forum is being co-hosted by embassy of Pakistan and China Council for Promotion of International Trade Guangdong province. Guangzhou, which is called city of flowers, is an important industrial base and a comprehensive industrial manufacturing center of South China.