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Iran offers electricity to Pakistan

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    Iran offers electricity to Pakistan http://www.dawn.com/cgi-bin/dina.pl?file=top2.htm&date=20061105 ISLAMABAD, Nov 4: Iran has offered to provide cheap
    Message 1 of 1 , Nov 5, 2006
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      Iran offers electricity to Pakistan
      http://www.dawn.com/cgi-bin/dina.pl?file=top2.htm&date=20061105


      ISLAMABAD, Nov 4: Iran has offered to provide cheap electricity to
      Pakistan that could also be extended to India like the proposed Iran-
      Pakistan-India (IPI) gas pipeline. The offer was made by Iranian
      Ambassador in Pakistan Masha Allah Shakeri in his meeting with
      federal Minister for Water and Power Liaquat Ali Jatoi here on
      Saturday.

      Both the countries agreed to extend cooperation in water and power
      sectors and to establish a joint investment company for achieving
      the objectives in the near future.

      Regional and global situation along with bilateral trade relations
      particularly investment opportunities in power sector came under
      discussion in the meeting. The law and order situation was also
      discussed.

      Mr Jatoi, while welcoming the Iranian envoy, said that Pakistan
      enjoyed brotherly relations with Iran and stressed the need for
      exchange of expertise.

      He said that the power sector was a viable business as the growth in
      the country's power sector had been 10-12 per cent and presently 16
      independent power producers (IPPs) were generating 6,500 MW
      electricity under the power purchase agreement.

      The minister said that investment procedure in the power sector had
      been simplified which attracted foreign investment in power sector.
      He said that the demand for electricity had crossed 18,000 MW while
      the existing availability of power was 13,500 MW.

      Mr Jatoi invited the Iranian government to come forward and
      participate in the mega hydro power projects through International
      Competitive Bidding (ICB), including the Basha dam project.

      The Iranian ambassador appreciated the growing economic development
      of Pakistan and offered Iranian investment in water and power
      sectors, particularly in the dams' construction.

      He also suggested the establishment of a joint investment company to
      look into the exchange of expertise to pave way for investment
      opportunities in water and power sectors. He offered a sizeable
      investment in hydro-power plants and expressed his intention to
      finance power projects in Pakistan as well.

      Mr Jatoi lauded the offer and said that Pakistan had already signed
      agreement to purchase 25 MW electricity from Mund (Iran) and
      recently signed another agreement for purchase of 125 MW from Iran.

      The minister assured his full support and assistance to facilitate
      Iranian investors to invest in water and power sectors in Pakistan.

      He said the Saturday's meeting would further enhance bilateral and
      trade relations between the two countries.

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