LAHORE: The government of Punjab has signed a Memorandum of Understanding (MoU) with China Power International (CPI) Holding Limited, a private company, to generate 2,400 megawatt (MW) electricity in Pakistan within the next two to three years.
Speaking to the media, Punjab Chief Minister Shahbaz Sharif said that the MoU was pure investment through which two partners will establish four coal-fired power plants. The plants, which will be set up in the Gadani area of Lasbela district, will produce 600MW each.
Sharif said that coal will be imported to Gadani and the 2,400MW will be shifted to the National Grid Station to distribute power across the country. He said that the MoU was signed within 25 days after he along with Prime Minister Nawaz Sharif had called on the management of CPI during their China visit.
The Punjab chief minister said that the first plants producing 1,200MW will be finalised in two years and the next two in 48 months.
Sharif did not disclose how much was being invested by Punjab and CPI Holding, but said that his government had a “little share”.
When asked if the Balochistan government had been taken on board for the project, the Punjab chief minister replied in the affirmative and said that the people of the province should be happy as China and the Punjab government were making a big investment in Balochistan. He also said that all issues related to the project will be dealt with according to the constitution.
Balochistan is considered to be unsafe for Chinese engineers. The area of Gadani is roughly one hour drive from Karachi and has a Baloch population of roughly 20,000 people.
CPI Holding Limited is a holding company operating through the China Power International Development Limited subsidiary, which owns and operates power generation, transmission, and supply plants. The company is based in Wanchai, Hong Kong.
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it'll not increase pollution but jobs and tax for Balochistan province, don't make this project bias, we should think bigger now, ''united we stand divide we fall''moreover investment in energy sector of pakistan is Win win situation for Pakistani's
@@Polpot: "I have no interest in Odisha giving Tamil Nadu anything." +++++++++++++++++++++++++++++++++++++ What a coincidence even I have no interest in Odisha giving Tamil Nadu anything. We are so alike
@alex: "ONE COUNTRY,TWO SYSTEMS." ++++++++++++++++++++++++ I would say"ONE COUNTRY,NO SYSTEMS."
the chinese have a policy-ONCE A CHINESE,FOREVER A CHINESE another policy is ONE CHINA still another-FEED A HUNGRY MAN FISH,YOU FEED HIM FOR A DAY. TEACH HIM HOW TO FISH,YOU FEED HIM FOR A LIFETIME. RESULT OF FIRST POLICY:chinese repatriate a lot of funds&investment back to their home country.they bring back scientific&other expertise,which is good for the country. pakis run away from the country & take away their countries wealth to swiss banks.pak reportedly has greater swiss bank deposits than india also. loyal pakis stranded in bangladesh were not given paki citizenship.pak refused to accept its soldiers during kargil war.it also refused ajmal kasab to be its citizen,inspite of presence of overwhelming evidence,net result paki soldiers are a demoralized lot& have to hide behind non-state actors&terrorists. SECOND STATE POLICY:BALUCHISTAN WAS ANNEXED BY BRUTE PUNJABI MILITARY FORCE&pashtuns never really wanted creation of pakistan.multiple nationalities were artificially amalgamated,their languages like bangla subdued by bringing in an imported language of urdu.result was bangladesh.whether chinese get gwadar or not,landlocked afghanistan should definitely look towards another gateway by sea by forming a federation with future pakhtoonistan&baluchistan.it shall be economical to use gwadar instead of karachi. it shall truly reduce its dependance on pak. THIRD POLICY:pakis should ask chinese to teach themselves things other than plotting terror acts& war mongering like industrialization and other services,which shall stand solid for the remaining pak,once it is not possible to continue looting and exploiting the resources of baluchistan. let the indians do what they want,pak occupied kashmir has very good potential to become another tourist magnet like switzerland,it should also be a neutral territory like switzerland,so the local people can prosper,as per example of china in hongkong. ONE COUNTRY,TWO SYSTEMS. BEST OF LUCK TO NAYA PAKISTAN
I'm not the first nor the last commenter to point out your obsessive Pakistanphobia and disturbing fascination with news that doesn't relate to you or your country in any way. So it's a definite "we".
@@Polpot: "Thanks, but we don’t require the input of our nosy Pakistan obsessed neighbourly Indians." +++++++++++++++++++++++++++++++++++++++++++++++++++ Thats the problem with democracy: even if you were/are royalty you get exactly one vote and can only use "I"and not "we". From a citizen of the wrolds largest democracy:).
Which China Cell will monitor this? +++++++++++++++++++++++ The China Cell in PMs office or the China cell in CMs office?:)
Thanks, but we don't require the input of our nosy Pakistan obsessed neighbourly Indians. Two is two too many, this is an internal affair. I have no interest in Odisha giving Tamil Nadu anything. . If our countries are going to live in peace, we'll have to learn to mind our own businesses. Go bless Bangladesh or Nepal with your valued online input. . Regards.
"Power generation: Punjab government, China to invest in Balochistan" +++++++++++++++++++++++++++++++++++++++++++++ Typical shallow reporting based on a Govt handout. 1. Its not China but a private Chinese company. 2. The qunatum of Chines investment is wrapped in mystery. 3. The Private Chinese comapny has no web presence and appears to be a frpnt for charging commissions. 4. Its not for the Pakistani PM & Punjab CM to call on Private companies...pls leave that to the officals. 5. No dates are mentioned but only time periods. Friendly inputs provided foc by your neighborly Indian.
@@A Baloch: "We Balochs reject this investment of Punjab in our province." +++++++++++++++++++++++++++++++++++++++++ Well the Punjab Govt is behaving just like the WB/ADB/IMF.
@@A Baloch: I am sure you can count right?? two is not "so many".
Prosperity does not always walk at one"s doorstep. when ever it will come welcom it, give it a room because if u refused, it may will not come again.
Raj, why are you so obsessed with domestic Pakistani news?
Looks like two governments / entities are making investments in Baluchistan. To some Baluch this FDI means "Foreign Direct Investment" and to others this FDI means "Foreign Direct Involvement".
Thank you Punjab :)
How can Punjab government sign a contract for something to be constructed on the land of a different province? Sounds like all other provinces have no voice or value, and one big brother needs to think whats good or bad for them. One unit, right?
This will help create jobs in Balochistan and direct revenue for Balochistan govt. As a baloch, I thank Punjab govt for this.
@A Balloch @Rahim Khattak} You are lacking behind because you don't spend on yourselves and don't allow others to spent... Same is done by Sindhi... The reason why karachi, Punjab and KPK is moving forward because they choose the right people or may be better people for their cities and province ( though MQM is bad but they do good for karachi (URDU speaking People) ). But Sinhdis and Balochs only vote in the name of Bhuttos and Sardars who does not invest on their people but keep on winning just because they spread hatred ...
@A Baloch: I think Dr. Abdul Malik Baloch, Muhammad Khan Acahkzai & Nawabzada Changez Marri are the one's to make this decision!
Power will be transferred to the National Grid .....what about provincial autonomy !
@A Baloch: take the revenge, invest in punjab
Quite foolhardy of Chinese investors given the poor security situation prevalent in Balochistan.
Foolhardy from a security standpoint as ET today reported that 7 coast guard officials were gunned down in Balochistan:
Foolhardy from a security standpoint also because ET had reported just three days ago that an electricity pylon was blown up in Balochistan and the continued poor security situation resulted in its repair being postponed:
@Feroz: It will be the same as they will for Gwadar Port. Chinese will bring in their 'own boots'.
The Punjab government should invest the province's money within the Punjab. Hidtory shows our generosity won't be appreciated and conspiracy theories will abound. Let us focus on developing our own province first. We can't drag others along if they have no interest in progressing themselves. Enough to the Punjab's unreciprocated sacrifices.
This is a good step but we need to privatize the assets of Sharif family
Power generation is not the problem. Power theft certainly is. Why do each and every government concentrate on the wrong problem and mislead the public ? There is certainly more money to be made in setting up new big projects.
Great idea but who will provide the Chinese security in Baluchistan ?
So the people of balochistan suffer from coal polution.....!!!!
This is good partnership. Chinese company should invest in Balochistan and Punjab should put in expertise and resources to channel investment back to swiss accounts.