Kazakistan delegation visits Pakistan to explore investment opportunities

ISLAMABAD, Feb 17 (APP): A delegation from Southern Companies Group Kazakhstan here on Tuesday visited Board of Investment Islamabad to discuss investment oppartunities in various sectors of Pakistan economy.

The delegation, led by Igor Tomas, President of the Group, is visiting Pakistan to explore investment opportunities in power, oil and gas as well as energy conservation sectors.

The delegation members included Companies’ General Manager, Ms. Natalya Badenova and its Director Marketing, Yedge Yessen Kuov.

The delegation interacted with BOI senior officials, including Iqbal Ahmad and Riaz Ul Haq Executive Director Generals as well as with the senior representatives of Ministry of Petroleum and Natural Resources, PPIB, Alternative Energy Development Board and National Energy Conservation Centre.

The delegation was apprised about tremendous potential in the energy sector due to the seriously worsening gap between energy supply and demand, non-sustainability of fossil fuels (limited oil and gas reserves), unpredictability of oil prices, lack of energy conservation culture and huge renewable hydel and wind potential.

It was further informed by ENERCON that estimated saving potential for Pakistan through energy efficiency is US $ 2 billion annually.

While referring to the opportunities in hydel and coal for
private sector, PPIB representative informed the delegates that so far only around 6,000 MW has been tapped from an estimated potential of 45,000 MW for the development of small, medium and mega Hydropower projects.

Also Pakistan’s Thar Coal Reserve are estimated at about 175 billion tons, which are still untapped.

The delegation members expressed their keen interest to invest in all major areas related to energy sector as there is huge potential and committed to visit in March this year to have basic assessment of opportunities and research completed in consultation and collaboration with the concerned ministries and departments.

About Board of Investment Pakistan (BOI)

The BOI was established with broad based responsibilities of promotion of investment in all sectors of economy; facilitation of local and foreign investors for speedy materialization of their projects and to enhance Pakistan ’s international competitiveness and contribute to economic and social development.

The BOI assists companies and investors who intend to invest in Pakistan as well as facilitates the implementation and operation of their projects. The wide range of services provided by BOI includes providing information on the opportunities for investment and facilitating companies who are looking for joint venture partners.

The BOI acts as a focal point of contact for the prospective investors, both domestic and foreign to provide them all necessary information and assistance in coordinating with other Government Departments/Agencies.

The BOI also evaluates applications of investors for the Work / Business Visa, Branch / Liaison Office and Security clearance

Tou arrange a tour of Pakistan with meetings with prospects and meeting with BOI please contact us

About Southern Companies Group.

Southern Companies Group (SCG) – An international consortium, which brings together a group of companies specializing in construction and reconstruction of the nuclear and oil and gas industries, construction of hydraulic equipment, drilling of technological and exploratory wells, production of building materials and road construction.“Southern Companies Group”
Republic of Kazakhstan, Shymkent, post: 160010, Akpan Batyra, 60А
telephone : +7/7252/ 432-276
fax: +7/7252/ 432-133