CPEC: Pakistan China ink yet another key agreement
ISLAMABAD - Prime Minister Shahid Khaqan Abbasi Monday witnessed signing of agreements between Power Division of Pakistan and State Grid Corporation of China, for construction of 878 kilometer 600 KV HVDC Bipole Transmission Line from Matiari to Lahore.
Under the agreements, which are part of the Pakistan China Economic Corridor, two Convertor Stations with AC Switching Stations at Matiari and Lahore; two Electrode Stations at Matiari & Lahore each and three Repeater Stations along the route of the line will also be constructed.
During the briefing about the agreements, the prime minister was informed that with the launching of “China Pakistan Economic Corridor” energy portfolio, planning for evacuation of power from the upcoming power plants, including Thar, Port Qasim, nuclear and at Hub, became a challenge for NTDC.
Accordingly, HVDC Transmission Line was planned under CPEC for which Cooperation Agreement was signed in 2015 between NTDC and State Grid Corporation of China.
This flagship project is first of its kind in Pakistan and also the first being executed under the Government of Pakistan Transmission Policy-2015 on Build, Own, Operate and Transfer (BOOT) basis for 25 years.
The project has a completion time of 27 months and Commercial Operation Date (COD) has been fixed at March 1, 2021.
Project Implementation Agreement (IA) was signed by MD PPIB and Shu Yinbiao, Chairman of State Grid Corporation of China while Transmission Service Agreement, Land lease Agreement, O & M Agreement was signed by Shu Yinbiao from the Chinese side and MD NTDC on behalf of the Power Division. - APP