ISLAMABAD, Pakistan: The major chunk of the China-Pakistan Economic Corridor (CPEC) energy projects’ investment would go to Sindh province, wherein as many as $12.461 billion would be spent on development of various energy projects to overcome power shortage.
In total, as many as $34.570 billion would be spent on the development of energy sector all across the country under CPEC to develop power plants, coal mines, power transmission lines, Liquefied Natural Gas (LNG) and other infrastructure.
This investment would result in generation of 17,045 Megawatt electricity through development of power projects, official source told.
“In Sindh province $12.461 billion would be spent on 12 energy projects including power generation projects having 5,630 Megawatt electricity generation potential,” the sources said.
After the Sindh, Punjab is the next province wherein another major portion of energy investments would be utilized. As many as $8.450 billion would be spent on seven projects including power projects that would produce 5,785 megawatts electricity.
In Balochistan province, as many as four energy projects would be completed with the cost of $7.460 billion to develop energy infrastructure including the power projects having generation potential of 2,940 megawatt electricity.
Similarly, $1.802 billion would be spent in Khyber Pakhtunkhwa for generation of 870 MW electricity while under the CPEC $4.397 billion would be spent for generation of 1,820 MW electricity through two projects in Azad Jammu and Kashmir.
It is pertinent to mention here that CPEC is a long-term broad framework with multiple sectoral projects, which will be completed in different phases through bilateral agreements agreed upon by both sides as a win-win equation.
Pakistan and China had signed an agreement last year to commence work on CPEC development projects worth over $46 billion.
The corridor aims to connect Gwadar port in Balochistan to China’s Xinjiang region via a network of highways, railways and pipelines spread over 3,000 KM. Work on several sections is in progress.
Source: APP
