Chinese company offers hydropower projects for AJK


ISLAMABAD: A Chinese delegation led by Qiu Jiangwei, Vice President Chongqing Water Turbine Works (CWTW) Company, called on AJK Ptresident Sardar Masood Khan here at the President Office and discussed various issues of mutual interests.
Mr. Qiu informed the President his company is already working on projects in various parts of Punjab and Khyber Pakhtunkhwa and further expressed his interest in expanding their investment portfolio in the hydropower production sector in Azad Kashmir.
Specializing in supplying turbines for small and micro-dams, Mr Qiu said that they are ready to finance projects in AJK in view of the huge potential of hydropower production potential. He said that CWTW would also like to invest in upgradation, rehabilitation and maintenance of existing power projects in AJK.
The President on the occasion welcomed the delegation saying that Azad Kashmir and China share cordial working relations especially in the fields of hydropower production and infrastructure development. He said that Azad Kashmir has a huge potential for hydropower generation on its watercourses. The full potential, he said, was 8,800 MW, out of which nearly 2,400 MW would be available towards the end of the year after the full utilization of the capacity of the Neelum-Jhelum Project.
The President said that China Pakistan Economic Corridor has helped reshape the economic landscape of Pakistan and Azad Kashmir. “Pakistan and China have planned to take initiatives for regional development and economic progress and CPEC will prove to be a huge stimulus in this regard. Azad Kashmir will remain an integral part of these economic megaprojects.”