Business

CPEC fruit: 1,320MW project initiated

It will use Thar coal for power production

December 14, 2022

It has been ten years since the China-Pakistan Economic Corridor (CPEC), the multibillion-dollar flagship project under President Xi Jinping’s $1.4 trillion Belt and Road Initiative, was launched. PHOTO: FILE

ISLAMABAD:

As Pakistan’s energy import bill touched an exorbitant $27 billion, Prime Minister (PM) Shehbaz Sharif underlined the need to explore indigenous resources including hydel, solar, air and coal to produce cheap electricity.

Federal Minister for Power Khurram Dastgir Khan stated that a 1,320MW project has been initiated by the Shanghai Electric Group in Thar to use indigenous coal for electricity production.

“The plants have been connected to the national grid,” and that the initiative “was borne from the fruit of CPEC projects,” he observed.

Pakistan is suffering from the impact of the greenhouse effect, so green power generation is the trend. PM Sharif also revealed that the incumbent government has prepared a plan to generate 10,000MW of electricity through solar energy.

“We know that Pakistan is rich in solar and wind resources,” said Wang Haowei from Shanghai Electric, the Business Manager of the Zhang Jiakou Green Power Project. “The installed capacity of the project is 150 MW wind power, 30 MW photovoltaic power and 10 MW energy storage.”

THE ARTICLE ORIGINALLY APPEARED ON THE CHINA ECONOMIC NET

Published in The Express Tribune, December 14^th, 2022.

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COMMENTS (2)

test1 | 1 year ago | Reply We want industries industries and industries from China but our elite class which includes politicians generals judges top lawyers businessmen policy makers and of course media houses want kick backs and commissions from govt deals. And the biggest example of such deals are housing societies and assembly plants. Housing societies like dha bahria clifton and 100s of thousands of other housing societies and ravi project is also the same kick back deal between politicians and businessmen. Japanese and Korean car manufacturers has their assembly plants in Pakistan which are formed due to kick back deals with politicians and these foreign companies from Japan and South Korea as well and since kick back and commissions are signed which means neither they invest a damn thing in the country nor they manufacture anything at all in the country as a result these assembly plants import every single part of the vehicle and just assemble them into these assembly plants which means forex goes down whenever we import anything and this is not just limited to auto industry. This same is applied by politicians and businessmen to mobile factories machinery assemblers and in short nothing is been manufacturing in Pakistan absolutely nothing. I just want to say kill murder hang the elite class of Pakistan. Kill Imran Sharifs Zardaris Generals Politicians Policy Makers Businessmen and owners of Media Houses as well. Kill elite class of Pakistan and their families.

Loona ram | 1 year ago | Reply Ok

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