Chinese firm offers to invest in Pakistan's power generation

China offered financial and technical assistance on Wednesday to help develop hydro and wind power in Pakistan, upgrade existing transmission system and provide an integrated solution to power shortage and disruption in the country, according to Xinhua.

Cao Guangjing, chairman of Three Gorges Project Corporation ( CTGPC), China's pioneer in hydro power development, said the state- owned corporation intended to invest USD10 billion to 15 billion in Pakistan, according to presidential spokesman Farhatullah Babar.

The company offered to develop multi-purpose hydro electric projects through direct financing model based on public-private partnership and BOOT (build, own, operate and transfer) basis, he said.