Chairman ‘Shanghai Electric’ meets PM Abbasi, seeks faster regulatory approvals

ISLAMABAD: A delegation of Shanghai Electric Power led by Chairman Shanghai Electric Power (SEP) Wang Yundan, called on Prime Minister Shahid Khaqan Abbasi in Islamabad today.

The delegation apprised the Prime Minister of the current status of acquisition process of a majority stake in K-Electric and sought the government’s support in accelerating the process of regulatory approvals.

The Prime Minister assured the delegation that the Government of Pakistan remains committed to supporting Shanghai Electric Power with a view to further liberalising the power generation and distribution sector in the country. To this extent, he also assured the visiting delegation of the government’s commitment to enabling the process to move forward, subject to completion of all regulatory frameworks.

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