A meeting of the Parliamentary Committee on China-Pakistan Economic Corridor (CPEC) was held under the Chairmanship of Sher Ali Arbab, MNA.
Secretary Power Division briefed the Committee on the power projects under CPEC. He explained that under the CPEC framework agreement signed by China and Pakistan, there were 14 power generation projects which were categorized as prioritized projects with 10414 MW generation capacity and 7 projects were categorized as Activity Promoted with the power generation capacity of 6645 MW.
Currently, there are 20 power projects of 13048 MW at different stages of implementation. Out of which 9 projects are commissioned with a capacity of 5320 MW. While 6 projects are under construction with a generation capacity of 4484 MW. Five projects are under LOI/LOS stage with a capacity of 3244 MW.
Matiari-Lahore HVDC transmission line of 878 KM long with 4000 MW capacity is under construction which is the first transmission line in the private sector in Pakistan. In the current CPEC portfolio, there are nine coal-based power projects of 8220 MW.
Out of which 4 are imported coal-based projects of 4260 MW whereas 5 are Thar Coal based projects of 3690 MW. Four CPEC power projects based on coal have been commissioned.
There is a 36 month completion period for coal-based power projects as per international standards. The Committee appreciated the hard work of the concerned authorities for commissioning of the energy projects in minimum record time.
Provincial Secretaries of Energy from Sindh and Punjab were directed to submit their energy issues to the Committee for further consideration and redressal by the concerned departments. The Chairman directed Power Division that monthly progress reports of under-construction energy projects may be furnished to the Committee regularly.
Secretary Railways also briefed the Committee on ML-1 project. He explained that CDWP has recommended PC-1 of USD 7.2 Billion project to ECNEC which will be considered in its forthcoming meeting. Financing Committees have been constituted from Pakistan as well as China. Five exhaustive meetings have been held on this project. It was a huge investment in the history of Pakistan Railways. There is a complete business model to modernize the Railways as a corporate self-sustaining entity. The important feature of this project is that it will retire the loan itself. Railways is in search of top of a line consultant. TORs have been finalized after a well-thought exercise.
The Chairman recommended the Railways that this is the last chance for recovery of the Railways. A governance model should be introduced where the regulator has the freedom of oversight. Profitability and safety standards are maintained as a reciprocal factor.
The meeting was attended by Noor Alam Khan, MNA, Sadaqat Ali Khan Abbasi, MNA, Umar Aslam Khan, MNA, Ahsan Iqbal Chaudhary, MNA, Sardar Ayaz Sadiq, MNA, Murtaza Javed Abbasi, MNA, Mehnaz Akber Aziz, MNA, Senator Mir Kabir Ahmed Muhammad Shahi and Senator Dr. Shehzad Waseem.