Austria to invest in Tarbela-V power project

Islamabad: Finance Minister Ishaq Dar has invited the Austrian companies to invest in energy and infrastructure development sectors in Pakistan.

Talking to the Austrian Ambassador to Pakistan, Mag. Axel Wech in Islamabad, the Minister said there is huge potential in these sectors with attractive incentives.

The Austrian envoy said his country has a keen interest in hydropower generation in Pakistan with particular reference of financing 1300 megawatt additional power project in Tarbela-V. It will cost four hundred million dollars. The project would be completed by the end of 2017.

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