CPEC: Pakistan China launches $1.7 billion mega project
*BEIJING: *China has expedited its initial work on the Matiari-Lahore high-voltage direct transmission line project valued at $1.7 billion.
To kick off the project, a Chinese company has shipped power equipment to Pakistan for the country’s first transmission project under the China-Pakistan Economic Corridor (CPEC) framework.
Fushun Electric Porcelain Manufacturing Company (FEPMC) shipped 30 tonnes of direct current (DC) and 660 kilovolts of Zinc Oxide Lightning Cooler to Pakistan for its grid project.
Wang Youxue, member of the Party Work Committee of the Shen Fu New District of China’s Liaoning province told Chinese daily that the Fushun Electric Porcelain Manufacturing Company participated in the project as it was one of the key cooperation projects of the Belt and Road Initiative.