Chinese to help build Ring Road, power plants

[Lahore_Real_Estate]

LAHORE: Punjab government on Saturday signed memoranda of understanding with two Chinese companies for cooperation in infrastructure projects including the southern loop of the Lahore Ring Road.

The government and the China International Water and Electric Corporation and the Welt Connect Company would also work together on several hydro, wind and solar power projects across the province.

These include a 200 megawatt coal power project in Dera Ghazi Khan and a 120 megawatt hydal power project, besides, 1,200 megawatts wind and solar power projects across the province.

Addressing the ceremony, Chief Minister Shahbaz Shahbaz said that the country was facing a severe energy crisis. He said that the projects identified in the MoUs would provide the country with much needed energy resources. He added that he would ensure that the MoUs were followed up without a delay.

Besides the chief minister, the Planning and Development Board chairman, secretaries of the Irrigation, Commerce and Minerals, the Punjab Investment Board vice-chairman, the Lahore commissioner and representatives of the Chinese companies attended the ceremony.