Times of Islamabad

Chinese state owned Power China invests 8.8 billion in over 62 projects in Pakistan

Chinese state owned Power China invests 8.8 billion in over 62 projects in Pakistan

BEIJING – The PowerChina, a state-owned company, has so far completedaround 40 various projects at a cost of $ 6 billion in different parts ofPakistan.

“Besides, as many as 22 projects are currently being executed with a totalcontract value of about $ 2.8 billion,” said Director of Party AffairsCorporate Culture Department SUN Degao while taking to a group ofjournalists.

Sharing the details of the projects, he said that PowerChina had completedwork on Tarbela 4th extension Hydropower, Gomal Zam Multipurpose project,Khan Khwar Hydropower station, Duber Khwar Hydropower station, Darawat Dam,1230 MW Haveli Bahadur Shah Gas-fired combined Cycle power plant, 1320MWSahiwal Cial-fired power plant project, 660 MW lucky Coal-fired power plantand 2×660 MW Port Qasim Coal-fired plant.

About ongoing projects, he said, that the ChinaPower is working on 50 hMWSachal wind power project, 150 MW Tricon Boston Wind power project, 50MWMaster Wind power project, 52.8MW Sahppire wind power projects, 30MW windpower project.

He said that Powerchina is the key player in the renewable energy sector ofPakistan and has 350 mw completed nine wind farm projects on Engineering,Procurement, Construction (EPC) basis till now.

He said that Powerchina has undertook part in Lahore Metro Transit OrangeLine projects’ track laying work, full line water supply and drainage andfire protection engineering work .

He said that currently, POWERCHINA Resources Ltd (PCR) has 8 projects inoperation, 4 projects under construction, over 10 projects inpre-development stage in over 10 countries. So far, PCR has a totalinstalled capacity of 4390 MW under construction and operation. Its annualpower generation has exceeded 10 billion kWh.

To a question he said that Port Qasim Coal-fired Power Project iscollaboratively developed by the government of China and the government ofPakistan, being jointly invested by PCR and Al Mirqab Capital.

As the first energy project implemented under China-Pakistan EconomicCorridor (CPEC), he said it was also currently the largest overseasinvestment project of POWERCHINA and is of great political, economic andsocial significance.

He said that Qasim Project has generated a total of 6.6 billion kWh ofelectricity in 2019 , achieved an accumulative generation of 14.4 billionkWh since its operation, and paid various taxes and fees of 225 million USdollars to the Pakistani government, effectively alleviating the localpower shortage and making important contributions to Pakistan’s power andenergy structure adjustment, people’s livelihood improvement and economicdevelopment.

The project has won the “Outstanding Contribution Award” in Pakistan, the“Prominent Contribution Award” from Chinese Enterprise Association ofPakistan, the “Public Diplomacy Award” from the Chinese Embassy, the 15thEnvironmental Protection Award in Pakistan, and “First Security Award” fromSindh Province.

He said that PCR promoted the application of key technologies, scientificand technological achievements, and engineering methods to the constructionof the Qasim Project, promoting the high-quality construction withtechnological innovation.

The Qasim Project, he said, adopted two 660MW supercritical units, seawatersecondary circulation cooling and desalination water supply, andlimestone-gypsum wet desulfurization, which saves a lot of precious freshwater resources, effectively protects the environment, optimizes Pakistan’spower supply structure through “substituting coal for oil” and reducespower generation costs. The project company also integrates localconstruction teams into project construction, actively communicates withlocal engineering management technicians and shares construction managementand technology experiences.

To another question he said that Powerchina has entered in the Pakistanmarket in 1987. Presently, PowerChina was imparting training to over 10000local staff in Pakistan to enhance their capacity.

He said that China will extend every kind of assistance to Pakistan for itsprogress, development and prosperity. “Not only we are completing projects,but we are also making friends in Pakistan, we are working like a brother”he added.

To a question he said that Pakistan has extended invitation to PowerChinato be part of ML-1.