ISLAMABAD: A Chinese energy investment company has identified four energy projects in Pakistan for immediate investment, but informed the government that the start-up of these projects would depend on tariff approval from Nepra.
As a follow-up to the recent visit of Prime Minister Nawaz Sharif to China, the Vice President of China Power Investment Corporation, Zhiyig Wang, is in Islamabad as head of a 15-member delegation, and has started deliberations with officials of Ministry of Water and Power, Board of Investment (BoI) and the Planning Commission.
During his meeting with BoI Chairman Mohammad Zubair yesterday, Wang said the China Power Corporation is ready to invest in four power projects. Explaining the proposed projects, he said the capacity of two coal-based power projects, to be set up in Thar, would be 900MW each with a total investment of $2.12bn and would require 10 million tonnes coal a year.
The projects would depend on the mining in Thar as the company intends to start coal production by 2015 and power generation by 2015-16. He said the corporation would set up a 660MW power plant in Lahore and would engage the Punjab government for development, investment, construction, operation and management of the power plant. internews
