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However, they are open for equity participation by WAPDA. The required formalities to start the projects would require 6 months and project would be completed in over 3-years.
The project feasibility prepared by WAPDA would be updated by Koreans in a period of 6-months.
The Korean delegation comprising M/s Sambu Construction Co. Ltd and M/S Korean Midland Power Company (KOMIPO) here Wednesday called on the Secretary, Ministry of Investment, Ashraf Hayat.
The Secretary discussed bilateral economic relations between the two countries and appreciated Korean companys interest for Investment in development of Taunsa Barrage Hydropower Project (120MW) on Build Operate and Transfer (BOT) basis.
The Secretary assured every possible support and facilitation to the Korean companies and urged them to invest in Hydel, coal, thermal and wind sectors for power generation.
Pakistan has located 200 various sites for wind turbine power generation, he remarked.
He also appreciated their concept of clean technology and suggested that Ministry of Environment and ENERCON may also be visited.
The Country Director of M/s Sambu Construction Co. Ltd informed that their company is in Pakistan for the last 15 years and is committed to bring more foreign investment in various projects.
He also mentioned that their delegation is expected to meet the Prime Minister by mid of next month.
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