CAG Funds managing director, Mr. Tarek Choufani, signs $1 billion joint venture fund with PowerChina to invest globally in power/energy projects.

CAG Funds managing director, Mr. Tarek Choufani, signs $1 billion joint venture fund with PowerChina to invest globally in power/energy projects. PowerChina bring their expertise in the power sector, holding 70% of all power construction projects in China including the Three Gorges Dam (world’s largest power station), and with contribution to 50% of power construction projects globally.