BEIJING - China General Nuclear (CGM) Power Corp pledged to continue its active role in development of energy resources in Pakistan.
CGM is among the top-listed companies in China, actively involved in making direct investment in the regional countries, including Pakistan, said CGM’s sources.
Recently, it has entered into bilateral agreement with a Malaysian, Edra Global, based in Kuala Lumpur. CGM has 13 electricity projects with a total installed capacity of 6,620 megawatts across Malaysia, Pakistan, Egypt, Bangladesh and United Arab Emirates, according to CGN's website.
CGN agreed last year to pay 9.83 billion ringgit to buy Edra Global from 1MDB, the Malaysian investment fund that is at the center of several international investigations into alleged corruption and money laundering. The transaction was completed earlier this year.