BEIJING: A Chinese company has shipped power equipment to Pakistan for thecountry’s first $1.7 billion worth of transmission project under theChina-Pakistan Economic Corridor (CPEC) framework.
Fushun Electric Porcelain Manufacturing Company shipped 30 tons of directcurrent (DC) 660 kilovolts of Zinc Oxide Lightning Cooler to Pakistan forits grid project from Shen Fu new area.
Wang Youxue, member of the Party Work Committee of the Shen Fu New Districtof China’s Liaoning province and deputy director of the ManagementCommittee told China Daily News that the Fushun Electric PorcelainManufacturing Company participated in the project as it was one of the keycooperation projects of the belt and road Initiative.
Youxue said the DC transmission project is also the first landing projectfor Pakistan to open foreign investment in the field of power transmissionand transformation. The total investment of the project is $1.658 billionand it will be officially put into operation in 2021.
Based on the technical advantages of its own ultra high voltage productsfor many years, Shen Fu New District Fushun Electric PorcelainManufacturing Company successfully won the bid for the alternating currentand DC pillar insulators and metal zinc oxide surge arresters of theproject, with a total contract value of more than 57 million yuan. Shen FuNew District has been paying attention to and supporting the transformationand upgrading of traditional enterprises in the new district.
Youxue said Fushun Electric Porcelain Manufacturing Company is activelyresponding to the belt and road initiative and went abroad. “Shen Fu NewDistrict will serve the enterprise and help the rapid development of theenterprise.”
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The enterprising spirit of struggle marked a significant progress in thebelt and road national grid project of Fushun Electric PorcelainManufacturing Company.
The Matiari-Lahore high-voltage direct current transmission line projecthas already secured financing. This is the country’s first private sectortransmission project under CPEC and will transmit more than 4,000 megawattsof coal-based electricity from projects in Sindh to the Punjab’s main grid.
Besides the transmission project, the Private Power Infrastructure Board iscurrently facilitating implementation of power projects having cumulativecapacity of 10,934 megawatts under CPEC, which include various hydel andcoal-fired projects.
CPEC envisaged capital investment of $60 billion to generate economicactivities. Most of the committed investment is targeted at improvinggeneration capacity and transmission capability in the energy sector ofPakistan. Apart from focusing on energy, infrastructure and Gwadarprojects, nine special economic zones are being established under CPECportfolio to revive industrialisation process by foreign and Chinese’sbusinesses and technology transfers and transformation.
