ISLAMABAD: (APP) China's State Grid Corporation has signed a deal with Pakistan's Ministry of Water and Power to invest in and build a power transmission line in Pakistan, the State-Owned Assets Supervision and Administration Commission said in a statement on Wednesday.
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According to Global Times, Beijing, State Grid under the deal, will invest $1.5 billion in the 4,000 megawatt power transmission line. The project is part of the China-Pakistan Economic Corridor initiative, which drew $55 billion in the latest round of Chinese investment.