CAIRO (Reuters) - Egypts El Sewedy Cables said on Tuesday it was negotiating for a 50-megwatt power generation project in Pakistan, in a bid to open a new market in Asia. The firm did not provide further details on the project but said Pakistani banks were ready to finance up to 70pc of the project. Pakistani officials said on Sunday that Sewedy was interested in setting up a wind turbine plant in Pakistan and was considering investing $200m in 5 projects of 10 MW each. Sewedy has said it is looking into supplying wind energy projects in the ME and Africa to tap growing demand. The firm has production plants in Egypt, Ethiopia, Nigeria, Yemen, SArabia, Syria, Algeria, Ghana, Zambi1, Qatar and Libya and exports to markets in the ME North Africa region, Spain, Portugal, eastern Europe and Brazil.