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Egypt’s Sewedy eyeing wind energy investment in Pakistan

CAIRO (May 24 2010): Egypt’s Sewedy Cables is considering investing in Pakistan’s wind energy sector, Pakistan’s foreign minister said in Cairo on Sunday. “We have met with the Sewedy group yesterday and they have shown interest in investing in the energy sector in Pakistan. They have expertise and technology to fulfil our requirements,” Foreign Minister Shah Mehmood Qureshi told reporters.

“There are five projects of 10 megawatts each worth $200 million,” he said in a news conference following a meeting with Egyptian President Hosni Mubarak.

Sewedy, the largest Arab cable maker by market value, has said it is looking into supplying wind energy projects in the Middle East and Africa to tap growing demand.

Sewedy had no immediate comment. Pakistani diplomat Nasir Ali Khan said after the news conference that Sewedy was interested in setting up a wind turbine factory in Pakistan. “However as a first stage they want to put up a wind farm so that they can demonstrate the quality of their equipment and gain the confidence of many investors,” he said. “The first stage is putting up 50 megawatts in five stages and eventually they might expand this,” he said.

Sewedy shares were down 1.6 percent at 0916 GMT on Sunday, compared to the benchmark index which was 0.8 percent lower.

Copyright Reuters, 2010

1 thought on “Egypt’s Sewedy eyeing wind energy investment in Pakistan”

  1. Why is it that Muslims claim Moses was a prophet and the 10 Commandments given to Moses by OUR HEAVENLY FATHER on Mount Sinai clearly gives OUR HEAVENLY FATHER’s Commandment not to kill while they believe in killing those who will not convert, and killing for other various reasons under Shari’a Law? Do Not Kill; there are no ifs, ands, or buts. OUR HEAVENLY FATHER, who created all in Heaven and on Earth, made that Commandment expressly clear. Any prophets to come along later have supported all those Commandments given by OUR HEAVENLY FATHER. OUR HEAVENLY FATHER is greater than absolutely everyone and absolutely everything. Do Not Kill; there are no ifs, ands, or buts. We apparently are not to kill others; that is not our purpose. Supposedly Mohammed said something different. So either Mohammed agreed with those Commandments and didn‘t actually say what he supposedly said, or Mohammed wasn’t a prophet. And if Mohammed agreed that those Commandments came from OUR HEAVENLY FATHER, then Mohammed didn’t try to argue with them or change them to fit his own agenda. Maybe that ‘Book Burning’ in the 7th century A.D. (C.E.) wasn’t just to ‘standardize’ but to ‘cover-up’ the Truth. I’m not trying to argue religion here; or trying to argue doctrine. It just does not make any sense. If Christians and Jews killed people as Muslims kill people, then most of the world would kill each other off. Do Not Kill; there are no ifs, ands, or buts. May OUR HEAVENLY FATHER’s Will Be Done.

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