The cabinet told on Tuesday that energy sector has started various power generation projects under the umbrella of China Pakistan Economic Corridor CPEC, all those projects will contribute to the national grid and add as much as 17000 Megawatts of electricity on completion.
During the weekly federal cabinet meeting presided by sitting Prime minister, Shahid Khakan Abbasi said “CPEC is significantly helping towards the inclusive development especially socio-economic development of the country focusing on less developed areas.”
During the meeting, the cabinet was provided with a detailed presentation on CPEC including various energy projects, infrastructure projects and industrial cooperation and development of Gwadar. The details of the projects and timeline for completion were however remained hidden in the statement.
According to the sources who attended the meeting said PM Abassi is expected to visit China soon and he will sign MoUs with Chinese authorities regarding CPEC energy projects on the sidelines of key areas.
The current government claims to put an end to load shedding and generating surplus electricity for the country, but before the actual summer arrives the power outages have started to bother the country again which puts a serious question on the government’s claim.
Before the Cabinet meeting on Tuesday, Chinese Ambassador to Pakistan Yao Jing met PM Abbasi and discussed the PM’s upcoming visit to China in order to participate in Boao Forum for Asia (BFA), other mutual issues were also discussed during the meeting—PM office statement said.
The BFA forum will be organized in Hainan China from April 8 to April 11.
Last month, it was reported that Shanghai Electric is ready to acquire KE-electric, the deal amounted at $1.77 billion could not complete due to time constraints and NEPRA regulations, However, the Chinese company might acquire KE-Electric soon in the coming days. It was also reported in September that Gwadar energy projects will be connected to the national grid.