Korea keen to set up alternative energy projects

[Lahore_Real_Estate]

KARACHI: A Korean delegation has indicated interest in setting up solar and wind energy projects in the interior Sindh region to generate electricity.

Leader of the delegation, Byong Son Min said that his company wanted to start a pilot project in some villages to provide electricity to villagers at cheaper rates. Few villages will be selected as model for this project.

He was talking to the Advisor to CM on Investment Zubair Motiwala at Sindh Board of Investment (SBI) office here on Wednesday.

Ms. Rara Ge On, Secretary SBI Mohammad Dagha and President Pak Korea Business Forum Ihsan Mukhtar Zubairi were also present on the occasion.

Motiwala informed the delegation about the investment opportunities for Korean businessmen in Pakistan. He said the government was focusing on alternative energy projects to generate electricity at affordable rates.

Besides, the government is also providing incentives for investment in dairy farming, livestock, agriculture, health and education.

Korean delegation leader said that Pakistan was full of natural, mineral and agricultural resources and Korea was also interested to make investment in transport, textile, health and education sectors.

Min said that the secret behind the development of Korea was the selection of projects as model. This fostered development in Korea.