PTI government shelves major CPEC project

PTI government shelves major CPEC project
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ISLAMABAD - The Pakistan Tehreek-i-Insaf (PTI) government has decided to shelve a major power project under the China-Pakistan Economic Corridor (CPEC).

Islamabad has officially conveyed to Beijing that it is no more interested in the 1,320MW Rahim Yar Khan power project in view of sufficient generation capacity already lined up for the next few years.

It has requested the Chinese friends to formally delete the project from the CPEC list.

During the 8th Joint Coordination Committee (JCC) meeting held last month, a Pakistani delegation led by Minister for Planning and Development Makhdoom Khusro Bakhtyar “proposed to remove the Rahim Yar Khan imported fuel power plant (1,320MW) from the CPEC list, in order to provide structure optimisation space for the subsequent power market of Pakistan”, said an official, quoting minutes of the Dec 20 JCC meeting.

Economy