During his recent visit to Pakistan, Chairman Wu Lei of Shanghai Electric Group commended the efforts of the Special Investment Facilitation Council (SIFC) and encouraged more foreign investors to explore opportunities in the country.
Shanghai Electric Group, a prominent Chinese entity renowned for its expertise in manufacturing energy equipment, has decided to invest in Thar Coal Block-1. This strategic investment aims to bolster coal-based power projects in Pakistan and facilitate the transition of foreign power plants to coal.
The potential investment signifies a significant step towards reducing Pakistan’s reliance on imported coal, consequently lowering the energy import bill and ensuring the availability of affordable energy for the nation.
