Hydropower projects offer excellent opportunities for investment, Shakil Durrani, Chairman of Pakistan’s Water and Power Development Authority (WAPDA) has reportedly told a delegation of Turkish investors to the country.
According to reports from Associated Press of Pakistan, Durrani told delegates – led by Engin Aydin, President of EA Consulting and Asil Gezen President of Tera International Group ¬– that hydro schemes offer a high economic return rate, stressing that WAPDA is planning to start work on both large and medium sized hydro schemes with a total capacity of 25,000MW over the next five years.
According to the news agency, Durrani added that a number of financial institutions have expressed interest in the projects, and welcomed Turkish investment in the country’s energy sector.