Pakistan Railway supported by GE
Islamabad: Prime Minister Mohammad Nawaz Sharif has asked the General Electric (GE) of the United States to invest in the revival package of Pakistan Railway.
Speaking to John Rice, Vice Chairman and President of General Electric Global Growth and Operations, Prime Minister Nawaz Sharif said that the government has embarked upon a plan to revive Railways, explaining that the investment-friendly policies of the government provide tremendous opportunities to investors.
The prime minister also invited the GE for investment in various power projects.
The meeting discussed opportunities for public-private sector collaboration on infrastructure and energy projects, with focus on enhancing power generation, energy sector efficiency and power sector diversification.
The company has already been working for completion of several power generation projects, including 525MW Nandipur and 747MW Guddu power projects.
By combining the latest advanced technologies with local solutions, the GE is working with local partners towards development of key infrastructure projects for the progress of Pakistan.
Wind projects are expected to bring up to 1750MW of clean, renewable energy to the national electricity grid by the end of 2015.