Ministry of Water & Power

Turkish group to invest in Gadani power park

 ISLAMABAD: Leading Turkish business giant, Nurol Group, has expressed its readiness to invest in the Gadani Power Park, and to assist Pakistan in building Karachi-Lahore Motorway as well as Bhasha and Bonji dams.

 

The Nurol Group is involved in the construction of the second largest dam and hydro-electricity power plant project, and its delegation, led by Vice Chairman, Orguz Carmikli, held a meeting with Prime Minister Nawaz Sharif here on Wednesday. Mr Carmikli met the prime minister in Turkey recently.

The company is focused on construction of motorway, dams and hydroelectric power plants and has recently constructed Gebze-Izmir Motorway, including world’s third largest Izmat Bay suspension bridge at a cost of $9.5 billion.

 

Speaking to Mr Orguz, Prime Minister Sharif said that Pakistan’s priority sectors for investment include hydel and coal power plants, Karachi-Lahore Motorway and infrastructure development and Nurol must benefit from the huge business and investment opportunities.

 

Mr Sharif said that the country faces power shortages and the present government is dedicated to mitigate the same by exploiting innovative and cheap energy resources.

 

He added that Pakistan Power Park at Gaddani offers a golden opportunity to invest in coal-based power plants.

 

Expressing his satisfaction over Pakistan’s legal framework for foreign investment, Mr Carmikli was pleased to know that the federal government would provide sovereign guarantees for construction of dams and energy projects. 

 

Source: DAWN