Malaysian Firm to Invest $1 Billion in Pakistan

INVESTMENT holding company Eden Enterprises (M) Bhd plans to invest US$1 billion (US$1 = RM3.77) in the energy, housing, tourism and construction sectors in Pakistan. The proposed investment will include the development of two power plant projects that the company will jointly participate with local partners. Pakistan’s Private Power Infrastructure Board (PPIB) approved the development of the two projects recently. The 200MW Green Power project in Badin is expected to cost about US$150 million, while the 655MW hydropower project in Mansehra may cost between US$800 million and US$1 billion.