China and Pakistan will boost their energy cooperation
China and Pakistan are expected to sign agreements worth US$50bn under the China-Pakistan Economic Corridor (CPEC) programme, including more than US$10bn to be invested in power projects in Pakistan. China will take part to the construction of the 720 MW Karot hydropower project, to 200 MW wind power projects and to the 900 MW Zonergy solar power project in Bahawalpur. China will also extend commercial loans for developing 7,250 MW of power projects, in addition to two coal-mining project in Thar; Thar Power Company will sign an agreement with a Chinese company for the construction of two 660 MW coal-fired power units at a cost of US$900m. Sino-Sindh Resources will sign agreements on a US$900m coal-mining project (Thar Block-II) and on 1,200 MW of Thar coal power projects (US$1.9bn). Nishat Group will sign an agreement for a 1,320 MW coal-fired power project in Rahimyar Khan. Agreements for setting up two 1,320 MW power projects in Muzaffargarh will also be signed. In addition, Shandong Ruyi Group and Huaneng Shandong Power Generation Company plan to develop 1,320 MW coal-fired power plants in Sahiwal at a cost of US$1.6bn and an 870 MW hydropower project in Suki Kenari with US$1.8bn financed by China Gezhouba Group.
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