Shanghai Electric Group has made investment in Thar Coal Block-1.
Chairman of Shanghai Electric Group Wu Lei in his recent visit to Pakistan appreciated the efforts of Special Investment Facilitation Council (SIFC) and encouraged more foreign investors to invest in Pakistan.
Shanghai Electric Group is a well-known Chinese group that specializes in manufacturing energy equipment.
Shanghai Electric Group will increase its investment in coal-based power projects in Pakistan and help transition of foreign power plants to coal.
This potential investment will reduce Pakistan’s dependence on imported coal and help in reducing the energy import bill as well as providing affordable energy.
