Chinese company proposes $15b scheme

Three Gorges Project Corporation proposes $15bn for hydroelectric project and $50m for survey.


Express June 09, 2011



In a bid to control the floods and tackle electricity shortage in Pakistan, a Chinese company has proposed a $15 billion hydro-power scheme to create a dam along the Indus River at several points, reported Express 24/7.


This deal is the latest example of China’s interest in Pakistan. Minister for Petroleum and Natural Resources Asim Hussain said that the Three Gorges Project Corporation of China has even agreed to fund a $50 million survey to lay the groundwork for this project. Last year, Pakistan and China agreed to an investment deal to build the Bunji dam.

The $15 billion proposal would cover Bunji and other sites on the upper and lower Indus including Kohala and Dassu. Meanwhile, a local government representative confirmed that both sides are working on the details and priorities of the deal for Pakistan.

Published in The Express Tribune, June 9th, 2011.


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COMMENTS (16)

Danice | 9 years ago | Reply You’ve got it in one. Couldn’t have put it bteetr.
Ajmal | 9 years ago | Reply LOL. After the humungously embarrassing SNAFU called Three Gorges Damn, China is going all out to Gorge out Pakistan's eyes. Make that a total of Five Gorges, shall we? This will not work out. It seems China is seeking to make money off its 'expertise' in building damns. But, as someone has said already, it won't work out.
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