Energy projects under CPEC to be completed on time: Spokesman

CPECEnergy projects under CPEC to be completed on time: Spokesman

ISLAMABAD, Pakistan: The Spokesman China Pakistan Economic Corridor (CPEC) on Wednesday said that all energy projects under CPEC would be completed by the given schedule and there was no confusion between Pakistan and China on this issue.

In a statement, the Spokesman said that the energy projects were initiated keeping in view the ongoing energy shortage in the country, out of which four projects had already been completed whereas work on other projects was underway according to the give time schedule.

Clarifying news item published in a newspaper, the Spokesman said that during the sixth Joint Coordination Committee (JCC) on CPEC held in Beijing in December last year, the two countries decided to review the list of energy projects and to replace those projects which were not scientifically and technically unfit with the new ones.

By following this decision, the experts from the two countries held talks in February 2017 and signed an agreement, according to which it was decided that no change would made in installed capacity of 17,045 MW and the allocated funds of $34 billion.

It was also decided that after reviewing the energy projects’ list, priority would be given to generate the electricity by initiating hydro power projects on river Sindh.

The Spokesman further added that the revised list was prepared on the basis of scientific research and mutual agreement.

The CPEC Spokesman said that working on any unfeasible project would be harmful for the country, therefore the revised list of energy projects was prepared on basis of mutual agreement.

It may be mentioned here that work on all projects under CPEC were underway according to the given time schedule and the two countries were committed that all projects of CPEC would be completed successfully at any cost.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

USD to PKR: USD Dollar Rate in Pakistan Today – 22 August 2024

0
The US Dollar (USD) was being bought and sold at Rs 279.6 and Rs 280.3 in the Open Market against the Pakistani Rupee (PKR)...

Gold Price in Pakistan Today – 22 August 2024

0
On Thursday (August 22, 2024), the gold rate for one tola of 24-karat in Karachi, Pakistan, is Rs 261,450.000.It's important to note that gold...

Pakistan’s New Envoy to US stresses need for result-oriented diplomacy

0
The newly appointed Pakistani Ambassador to the United States Rizwan Saeed Sheikh has formally assumed his diplomatic responsibilities as Pakistan’s Ambassador to the United...

Pakistan urges int’l community to stand in solidarity with victims of state terrorism in...

0
ISLAMABAD, Pakistan: Pakistan has called upon the international community to stand in solidarity with victims of state terrorism in Indian Illegally Occupied Jammu and...

State Bank decides to change all currency notes from Rs 10 to Rs 5000

0
ISLAMABAD, Pakistan: The State Bank of Pakistan (SBP) has decided to change all the currency notes from Rs 10 to Rs 5,000 by the...
Advertisement