LAHORE - Chief Minister Muhammad Shahbaz Sharif has said that no effort will be spared for the complete implementation of the historic investment package of $32 billion announced by China. He said that complete homework, tireless efforts and professional approach is required for fully benefitting from the investment package .
He said that energy, infrastructure and development projects will be executed throughout the country under the investment package which would not only help overcome energy crisis but also usher in a new era of progress and prosperity. He said growth rate is difficult to be increase due to shortage of power. Therefore, government is taking all possible measures for controlling energy crisis as soon as possible. He said that industrialists, traders and investors will have to play their due role for coping with the problem of shortage of power. He called upon private sector to make investment in energy sector and assured that all out facilities would be provided by the government.
He was addressing a conference on development of captive power at a local hotel, here on Wednesday. Provincial Minister for Minerals Ch Sher Ali, Federal Secretary Water & Water Saif Ullah Chattha, Additional Chief Secretary Energy, Chairman Planning & Development, industrialists, investors and representatives of prominent business companies attended the conference.
During the 2-day conference jointly arranged by Punjab Energy Department and International Finance Corporation (World Bank Group) proposals and recommendations were formulated for development of captive power and energy projects. Speaking on the occasion, the Chief Minister asked for formulating solid strategy in the light of recommendations and proposals presented in the conference. The Chief Minister said that work is in progress speedily on the projects of setting up of coal power plants at six places in Punjab. He said that government is setting up two power plants of 1320MW in Sahiwal to be operated with coal with its own resources. Shahbaz Sharif said that there are vast reserves of coal in Pakistan and there is a need for modern technology for mining of coal. He said that local coal will be fully utilized for setting up energy projects.