GE looking for energy, railways projects
Thursday, 10 December 2009
ISLAMABAD, Dec 9 (Business Recorder): M/s General Electric Company (GE) is reportedly using the influence of a senior officer in the presidency to get a contract in energy sector projects, sale of 150 locomotives to Pakistan Railways and installation of railway tracks, reveal official documents.
Shehzad Arbab, an additional secretary in the presidency is the focal person who is pursuing the relevant Ministries and organisation like Private Power and Infrastructure Board (PPIB) and Railways Board.
For this purpose, President Secretariat has forwarded a draft memorandum of understanding (MoU) to the key energy ministries and railways for its review, the sources added.
However, it is still unclear who tailored the draft of the MoU and what will be the net worth of the contracts in which the American company is interested.
According to the draft MoU, a copy of which has been obtained from the PPIB, it has been proposed that Pakistan and GE will work intensively and co-operatively to identify energy and transportation projects in which the firm will have technologies and solutions suitable to Pakistan, to secure sources of public and privatise funding to facilitate such funding as much as possible, and to facilitate, as appropriate, the ability of GE to participate in such projects.
M/s GE is interested in energy including renewable energy where GE will assist Pakistan in achieving its goal of generating 54,000 MW power by 2020 through diverse energy sources.
Shehzad Arbab, an additional secretary in the presidency is the focal person who is pursuing the relevant Ministries and organisation like Private Power and Infrastructure Board (PPIB) and Railways Board.
For this purpose, President Secretariat has forwarded a draft memorandum of understanding (MoU) to the key energy ministries and railways for its review, the sources added.
However, it is still unclear who tailored the draft of the MoU and what will be the net worth of the contracts in which the American company is interested.
According to the draft MoU, a copy of which has been obtained from the PPIB, it has been proposed that Pakistan and GE will work intensively and co-operatively to identify energy and transportation projects in which the firm will have technologies and solutions suitable to Pakistan, to secure sources of public and privatise funding to facilitate such funding as much as possible, and to facilitate, as appropriate, the ability of GE to participate in such projects.
M/s GE is interested in energy including renewable energy where GE will assist Pakistan in achieving its goal of generating 54,000 MW power by 2020 through diverse energy sources.