https://arab.news/44htc
- Sindh chief minister meets delegation led by CEO of Kuwaiti state-owned firm EnerTech
- Company CEO says ready to make direct investments and work on a public-private partnership basis
KARACHI: The CEO of Kuwaiti state-owned firm EnerTech said on Wednesday the firm wanted to invest in Pakistan’s southern Sindh province, especially in the areas of water distribution, solar systems, and cattle breeding for the export of halal meat.
He said this while leading a delegation to meet Sindh Chief Minister Syed Murad Ali Shah, and other energy-related senior Pakistani officials.
EnerTech is a fully-owned subsidiary of Kuwait’s National Technology Enterprises Company (NTEC).
“Established in 2012, EnerTech’s mission is to initiate its own development projects and participate in projects within the energy, clean technology, recycling, water, waste management and renewable energy sectors,” the company said on its website.
The visiting delegation told the chief minister the firm was interested in working with the provincial government in the water sector.
“Our company would make direct investment and where necessary they would work on PPP [public-private partnership] mode,” CEO Abdullah Al Mutairi was quoted as saying in a statement from the Sindh CM’s office.
Mutairi thanked the chief minister for giving his company an opportunity to work in Sindh and said his firm was already working in the southwestern Balochistan province.
Shah said there were multiple opportunities for investment in the Thar desert region, inviting the delegation to visit the area.
He said his government had a comprehensive plan to boost the agriculture sector in the province by installing solar tube wells and introducing calf breeding for export.
“This initiative would be made with the support of the private sector or on a public-private partnership basis,” the CM said, adding that his government was launching a water scheme to provide tap water in different districts of Karachi and calling on the Kuwaiti company to launch a water distribution system in the city.
Currently, much of Karachi’s water needs are met either by the informal private sector or controlled by organized crime.
Shah said the provincial agriculture department had vast cattle farming centers and he would welcome EnerTech to work with the agriculture department to promote and rear new calf breeds for the export of halal meat.
He also invited the Kuwaiti company to become involved in a project to install solar tube wells in the province.