LAHORE, April 21: Punjab Chief Minister Shahbaz Sharif has said that the agreement reached with a Chinese company for the Taunsa power project will prove to be a new chapter of foreign investment in Pakistan.
He was addressing a meeting after a visit to Three Gorges Dam, which is the world`s largest hydroelectric power station with a total generating capacity of 18,200MW, according to a handout issued on Thursday.
While recording his impressions in the visitors` book, Mr Sharif described the Three Gorges Dam project as a “gorgeous one” and a tribute to the unshakable commitment, indefatigable efforts and indomitable spirit of the Chinese people. He said the dam was the Eighth Wonder of the world.
Referring to the Taunsa power project, the chief minister said that the project would prove to be a memorable gift for the people of Punjab by the government and the people of China and a shinning example of Pak-China friendship.
He said the Taunsa power project would help reduce load-shedding, transfer hydropower technology to Pakistan, restart industrial activities and generate job opportunities.
He said that Pakistan wanted to benefit from Chinese expertise at the Taunsa barrage and other projects.
Later, leaders of the Chinese Communist Party hosted a reception in honour of the Punjab chief minister and his delegation in Ye Chang, the central city of Hubei province.
Mr Sharif said that the people of China were custodians of an ancient wisdom of China spanning over thousands of years and the Communist Party had played a historic role in using their capabilities.
Mr Sharif said that he and members of his delegation had come to seek cooperation with China in agriculture, livestock, road construction, hydropower, communication and other sectors and they were happy that the leadership of the Communist Party was extending them full encouragement and patronage.
The local leader of Chinese Communist Party, Li Ya Long, said that Punjab chief minister`s visit to China would play an important role in cementing friendly relations between the two countries and mutual contacts would be made more effective and result-oriented in science, technology, culture and other sectors.
He assured the visitors Communist Party`s full cooperation in the development of infrastructure, agriculture, culture, livestock, communication and other sectors in Pakistan.
He described the power generation project at Taunsa barrage as a glorious example of Pak-China friendship.
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