SANYA, China: Prime Minister Shahid Khaqan Abbasi on Tuesday appreciated the contribution rendered by China Pakistan Economic Corridor (CPEC) energy projects in alleviating the energy shortage in Pakistan, and also thanked the Chinese government and NEA for their strong support and collaboration.
Taking to the Administrator of National Energy Administration (NEA) of China Nuer Baikeli on the sidelines of BOAO Forum for Asia Annual Conference 2018, the prime minister said that CPEC energy projects are providing efficient and affordable electricity in to the system and both sides were continuing to work on other projects based on hydropower in North of Pakistan and local coal in Thar District of South.
The prime minister also indicated the need of early completion and synchronization of transmission line of South-North with the upcoming generation projects in Karachi and Thar.
Shahid Khaqan Abbasi said that the Oil and gas sector is a priority area which is featured prominently in the Long Term Plan for CPEC. He emphasized that the government is committed to supply clean, affordable and sustainable energy to consumers.
Khaqan Abbasi said that focus is on provision of affordable and diversified energy mix as Pakistan holds tremendous potential in the coal, hydro, solar and wind sectors.
The prime minister expressed satisfaction over regular exchange of views between experts on energy from the two sides. He further said that private sector is now playing a crucial role in developing Pakistan’s economy by supplementing generation capacities and related infrastructure.
Moreover, he said that the present government has introduced robust policy frameworks that carry competitive incentives and simplified procedures for both local and foreign investors.
The prime minister expressed the hope to further strengthening cooperation with the NEA of China and the government of Pakistan.
“I would also take this opportunity to invite Chinese investors and companies to participate in the development of Pakistan’s Power Sector with promising returns and incentives”, he said.
The Foreign Minister Khawaja Asif, the Minister for Interior, Planning, Development & Reform Ahsan Iqbal, and Pakistan’s Ambassador to China Masood Khalid and senior officials were also present during the meeting.