Gadani power project is impracticable, China refuses to invest: sources
Agreements will be signed next month with China for 10,400 MW projects.
ISLAMABAD (Web Desk) – China has decided not to invest in Gadani power project, terming it impracticable. The decision was acknowledged to Pakistani officials during meeting of Pak-China Joint Energy Working Group, sources told Dunya News today (Friday).
The government had decided to set up 6600 MW coal-fired power plants at Gadani Power Corridor in Balochistan.
According to sources, a list of power project agreements to be signed next month has been released. The list includes different power projects in Khyber Pakhtunkhwa, Punjab, Thar, Port Qasim and Gwadar.
As per details, 1900 MW coal-fired power plants will be set up in Thar. In Khyber Pakhtunkhwa, Sukhi Kenari and Karoth hydel power projects have been included in the list.
1320 MW coal power projects in Rahim Yar Khan, Sahiwal and Muzaffargarh while 250 MW wind power projects would be launched in Sindh.
Also, 1000 MW Quaid-e-Azam solar power plant has been mentioned in the list of projects.
Earlier today, Minister for Water and Power Khawaja Asif said a delegation will go to China for this purpose next week.
Khawaja Asif said it will be a Foreign Direct Investment (FDI) in the energy sector as China will provide loans to the executing companies of these projects, the state radio reported.
