China is going to be investing $1.5 billion in HVDC (High Voltage, Direct Current) for a 4,000MW power transmission line between Matiari and Lahore.
The agreement for this matter was signed between Secretary Water and Power, Mohammad Younus Dagha and Chairman State Grid of China in Beijing at the State Guest House, and was witnessed by Federal Ministers and Chief Ministers of Sindh, KP and Balochistan along with the senior Chinese Officials.
The transmission line will link north-south National Grid and this transmission line is going to be Pakistan’s first ever transmission line supporting this much power.
Work on this project is going to start in January 2017, and according to a spokesman for the Pakistani Prime Minister’s office, the project should take around 20 months to complete.
Pakistan, with the help of all the CPEC electricity projects, will most definitely be able to counter the electricity shortage problem that it has been facing for far too long now.
Read more: All You Need to Know About Electricty Projects Under CPEC (Part I)
Other Investments made by the Chinese
This project is one of latest in the series of big Chinese investments, most of which fall under a total $55 billion worth of projects under the China-Pakistan Economic Corridor (CPEC).
Meanwhile, other Chinese investments include the acquisition of majority stake by Shanghai Electric of the K-Electric power production and distribution company. The investment was worth $1.8 billion.
Moreover, the Chinese also acquired 40 percent stake of the Pakistan Stock Exchange (PSX), which was worth $85 million.
Via DunyaNews
Hurraaah
We are going to be Developed Country with Lots of Stuff
Aaamin :)
In your dreams bro, Chooron ne mulk banaya tha apni choorian khullay aam kernay ke liye aur wohi woh ker rahay hain, aur tum jaisay nalaiq aankh rukhtay howay bhi andhay aur kaan rukhtay howay bhi behray aur zuban rukhtay howay bhi goongay bunnay howay hooo.
Bhai Apni ankhon ko Pass Rakho Sari umar Negative soch ee rakhna
Aur Khud ko Aqalmand samjhty ho to Samjho :/
I tend to live in reality not in dreams aur ager tum jaisay loog aqal rukhtay tau noon league ko vote na detay…ab reply nah kerna.. Werna buhahahahahahahahahahah
Jahalon ke mu lagna Ilm walay pasand nahi kertay isssi liye main tere mu nahi lagna chahta…. Nasal dar Nasal Ghulam
Na Lagg Pai Wadda Danishwar
Inni Aqal ty Ilam hai ty
Mulak ch kam karo Gallan Nahi
:D
Jo cheezein dunya k thakay hue mulk 20 saal pehle ker chukay hon ge unki Pakistani Awam ko ab khabrein mil rahi hain. Sirf KHABREIN.
You don’t even deserve khabrian.
We dont deserve Ahole Ganja but here we are supporting and bowing down to him.
A hey, bara point mara hai.
HAHAHAHAHAHA
Focus should be to privatize all electric companies and electric thefts. No matter what Govt invest but unable to control mega thefts on institutions level, nothing will help. Core issues should be addressed.
Becoming a sub china state. No investment from rest of the world which is not good in the longer run
cpec cpec cpec ……………
how a poor man like me will get benefit from such pig shit who can’t even buy a cycle !! what pakistani national will get from this again in such a corrupt and diseased system ????? roti kapra makan, no as usual dhakke and modern salavery with lowest daily wages again and again, only land lords will make trillions and billions once again
Everything on loans…. sadly they should also sell wapda to Chinese so that this rental shit and payment without electricity generation to powerhouses also comes to an end.
Ching Ming Pooo “Next PM of Pakistan”
&
Shawo Mao Huwao “Next President of Pakistan)
Pakistan will be added additional name PRC as “People’s Republic of China (Pakistan)”
Goods efforts