Prime Minister Shahid Khaqan Abbasi has invited Chinese investors and companies to participate in the development of Pakistan’s power sector with promising returns and incentives.

He was talking to Administrator of National Energy Administration of China Nuer Baikeli on the sidelines of BOAO Forum for Asia on Tuesday.

The Prime Minister said the present government has introduced robust policy frameworks that carry competitive incentives and simplified procedures for both local and foreign investors.

Shahid Khaqan Abbasi emphasized that the government is committed to supply clean, affordable and sustainable energy to consumers.

He said focus is on provision of affordable and diversified energy mix as Pakistan holds tremendous potential in the coal, hydro, solar and wind sectors.

The Prime Minister said oil and gas sector is a priority area, which is featured prominently in the Long Term Plan for China-Pakistan Economic Corridor (CPEC).

Appreciating the contribution rendered by CPEC energy projects in alleviating the energy shortage in Pakistan, the Prime Minister thanked Chinese Government and National Energy Administration for their strong support and collaboration.

He said these projects are providing efficient and affordable electricity in to the system and both sides are continuing to work on other projects based on hydropower in North of Pakistan and local coal in Thar District.

He also indicated the need for early completion and synchronization of transmission line of South-North with the upcoming generation projects in Karachi and Thar.