In letter to PM Shehbaz, South Korean company alleges unfair stonewalling of $1bn investment plans in Pakistan

ISLAMABAD: Korea South-East Power Co. Ltd (KOEN), a state-owned company of the Republic of Korea, has approached the prime minister over “unfair” treatment of its $1 billion investment plans in Pakistan, which were stonewalled during the regulatory approval process. In a letter to Prime Minister Shehbaz Sharif, the Korean energy firm’s CEO Kim Min Young complained that the company — which operates thermal power stations, pumped-storage power plants, and combined cycle power plants — had been ...

By none@none.com (Khaleeq Kiani)