Russia ready to invest $2bn in energy projects.

A state-run Russian firm, Inter RAO Engineering, has offered to invest $2 billion in Pakistan's water and power sector projects, including Mohmand dam. Inter RAO Engineering is one of the largest Russian public energy companies that has joint ventures with European companies like Siemens in Russia. The Russian firm wants a deal on government to government basis between Russia and Pakistan. This Russian firm is also building a dam in Afghanistan on the Kabul River. Pakistan and Russia have already signed a governmental agreement to build the north-south LNG pipeline. The two countries also signed a memorandum of understanding (MoU) for an offshore gas pipeline project.

Now, Russia's state run firm has offered investment in water and power projects in Pakistan. Sources told that representatives of the firm held a meeting with officials of the Water and Power Development Authority (Wapda) in November 2018 and offered to invest $2 billion in Pakistan. The firm also expressed interest in investing in Mohmand dam. The sources said the officials of the Russian firm had also held a meeting with...