Chinese IPP Conveys Concern to Govt Over Overdue Receivables

Federal Minister for Finance Muhammad Aurangzeb and Minister for Power Sardar Awais Leghari held a meeting with the delegation of Port Qasim Electric Power Company (PQEPC) led by CEO PQEPC. The PQEPC delegation briefed the minister that the operations of the power company as well as certain issues faced by them due to overdue receivables. The delegation emphasized that PowerChina, is a major state-owned Chinese enterprise and key investor in Pakistan’s energy market. The company would continue to work with the Pakistan and play its role in the improvement of Power sector. The finance minister welcomed the suggestions made by the delegation and stated that the government acknowledges and appreciates the investment made by PQEPC China and other Chinese companies in the power sector of Pakistan. He said that the government would continue to coordinate with the stakeholders to find and implement sustainable solutions to the power sector issues. The head of the delegation offered full support of the company to work on ways to address power sector issues.