Abb Takk News

Pak, China Sign Agreement For Titanic 330MW Power Project

Beijing (December 21, 2018): Pakistan and China have signed a financing agreement on the construction of 330 MW coal-based Thar Energy Limited Power Project.

The signing ceremony was held on the sidelines of the 8th meeting of the CPEC JCC which was co-chaired by Minister for Planning Khusro Bakhtiar with Chinese Vice Chairman of National Development and Reform Commission Ning Jizhe in Beijing.

Khusro Bakhtiar, Chief Minister Sindh Murad Ali Shah, Pakistan Ambassador to China, Masood Khalid and other senior officials attended the ceremony.Project Director Saleemullah Memon told that the cost of the project is 520 million dollars and it would be completed with the financial support of two consortium led by the China Development Bank and Habib Bank Limited respectively.

He informed that the construction of the project had already been started in May this year and it would complete in March 2021.

Yesterday (December 20), the 8th Joint Cooperation Committee (JCC) meeting of China-Pakistan Economic Corridor (CPEC) was held the in the Chinese capital Beijing.

Minister for Planning and Development Khusro Bakhtiar co-chaired the JCC meeting with Vice Chairman National Reform Commission of China.During the JCC, the officials from Pakistan and China discussed up-gradation of the main railway line from Peshawar to Karachi, the extension of Thakot-Raikot section of Karakorum Highway and construction of a new international airport at Gwadar.

The two sides also talked over the establishment of a hospital and a technical education school and a power plant in Gwadar.Discussion over setting up Special Economic Zones and cooperation to speed up the industrialization process in the country also took place.

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