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China Pakistan Economic Corridor (CPEC) | Updates & Discussions

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CPEC Hazara Motorway
Havalian to Burhan Motorway at Kot Najibullah near Hattar Industrial Estate Under Construction Pictures


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Pakistan China friendship based on trust, mutual support: Chinese President
December 6, 2016




Chinese President Xi Jinping has said that friendship between the two is based on trust and mutual support, and we have been devoted friends through good and hard times.

In an official message on the occasion of launching of web site for the China -Pakistan Economic Corridor today, he said China-Pakistan partnership defines the all-weather friendship and all-round cooperation between the two countries.

Chinese President urged that both countries should strengthen mutual assistance and deepen strategic cooperation.

He further said we should keep the good tradition of frequent high-level visits and meetings and support each other on issues involving our respective core interests and major concerns.

Chinese President said both countries should use China-Pakistan Economic Corridor to drive our practical cooperation with focus on Gwadar Port, energy and infrastructure development so that its fruits will reach all the people in the region.

Xi Jinping said that in the next five years, China will provide 2,000 training opportunities for Pakistan and train 1,000 Chinese language teachers for Pakistan.

He said China will also work with Pakistan to tackle non-traditional security threats so as to provide a reliable security guarantee for bilateral economic cooperation and common development.

He said China will strengthen cooperation with countries along the land and maritime Silk Roads, so as to jointly build an open platform for cooperation and create new impetus to achieve sustainable development in the related regions. -RadioPakistan
 
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CPEC to help Pakistan achieve economic turnaround, says CPHGC CEO

KARACHI: China Pakistan Economic Corridor (CPEC) is a symbol of long-term friendship and economic cooperation between China and Pakistan and it will help achieve turnaround of the economy.

These views were shared by Chief Executive Officer, China Power Hub Generation Company Pvt Limited (CPHGC), Zhao Yonggang while talking to Business Recorder on Wednesday.

Yonggang said CPEC is much beyond the trade route for Pakistan. Apart from building crucial infrastructure for the long-term needs of Pakistan, CPEC project would assist bridging the energy gap which is the major impediment to the steady economic growth of Pakistan.

“Availability of affordable energy for the industries in developing countries like Pakistan is the top priority of the government as it wants to see economic turnaround in the country, said Zhao Yonggang. We have learnt it from our experiences in China that economical energy production and affordable availability to the industries is the key to long-term industrial growth,” he added.

CEO CPHGC Zhao Yonggang said CPHGC is a joint venture company formed by two sponsors, China-based company China Power International Holding Limited (CPIH) and Pakistan-based company Hub Power Company Limited (HUBCO). CPHGC has been set up as the special purpose vehicle (SPV) for 1,320 MW coal-fired power plant in Hub, Balochistan. The estimated cost of the project is $2 billion.

Zhao Yonggang said CPHGC’s coal-fired power project would produce energy at an estimated cost of around 8 cents per kWh which is cheaper than the current cost of energy production in Pakistan. This will save hundreds of millions of dollars for the country every year and industries and public would also benefit by the lower energy bills.

SPIC is already working on several projects of strategic importance in Pakistan. He said Pakistan is a high priority investment destination for SPIC and it is also exploring the possibility of more investments in projects in Karachi.

SPIC wants to invest more in Pakistan like it recently invested through its subsidiary Shanghai Electric in K-Electric, which is Pakistan’s largest electricity distributor. “We need to remove the misperceptions about foreign investment. We should realize that new investment in power projects would help country move forward and achieve greater economic prosperity. If we provide attractive investment environment to foreign investors they would prefer to reinvest the profits and expand their operations in that country.”

CPHGC CEO informed that a delegation of China Development Bank recently visited the CPHGC project site and reviewed the progress on the project. They also visited PPIB officials in Islamabad and have submitted their report to the higher management of the Chinese Bank. We are fully confident to secure US$ 1.5 billion loan for this project by a consortium of Chinese Banks lead by China Development Bank of China.

“CPHGC has selected two EPC contractors for this project that include NWEPDI (North West Electric Power Design Institute) & TEPC (Tianjin Electric Power Construction) Consortium whereas Jetty EPC is CHEC (China Harbor Engineering Company Ltd.) which is operating in Pakistan for the last 20 years,” Zhao Yonggang said.

Talking about the import of coal for the 1,320 MW project, Zhao Yonggang stated that coal would be imported from South Africa and Indonesia. CPHGC is planning to construct a barge jetty to provide approximately 4.3 MTPA of coal to the plant.

The jetty will be connected to the shoreline through a trestle and causeway.


To avoid any delay in the project, CPHGC has started the civil work on the project site in August 2016. The ground levelling, land marking, security infrastructure, temporary jetty and accommodations for the workers have been made and we would start pouring concrete in the foundation structure of the power plant from this month. “Currently, over 650 workers are working on the project site out of which 500 are locals” said Zhao Yonggang.
 
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CPEC: Karachi Circular Railways to become part of CPEC

KARACHI: (APP) Discussions were held with the Chief Minister of Sindh for the revival of the Karachi Circular Railway (KCR) and making it a part of the China-Pakistan Economic Corridor (CPEC).

This was revealed by the Minister for Railways, Khawaja Saad Rafiq, here on Friday.

He was addressing a press conference at the office of Divisional Superintendent (DS) Railways Karachi Nasir Nazir. The Chief Executive Officer, Muhammad Anwar, was also present.

Khawaja Saad Rafiq said that the Chief Minister of Sindh, Syed Murad Ali Shah, was taking special interest in the revival of the KCR which will help provide excellent travel facilities in the metropolis.

The Railways Minister pointed out that he had met with Syed Murad Ali Shah and got the impression that the Government of Sindh was serious for the revival of KCR.

He said he had positive talks with the Chief Minister also regarding the shifting of those residing along the route of the KCR under one window operation.

Khawaja Saad Rafiq pointed out that joint team of Pakistan Railways and Government of Sindh would determine the modus operandi.

From the railways side, the DS, Chief Engineer and the chief marketing officer would be the part of this team.

He stated that Pakistan Railways would provide complete technical assistance.

The Minister said he also discussed with the Chief Minister for developing greenbelt on either sides of the railway tract in Karachi and rest of Sindh.

He informed that Pakistan Express train would be upgraded by March next year which would provide better travel facilities to thousands of passengers between Karachi and Rawalpindi.

Khawaja Saad Rafiq said that feasibility report has been prepared regarding laying of double-track between Karachi and Peshawar and the design has also been prepared and tender would be issued soon.

He revealed that a five-year plan is being worked out for the betterment of railways.

The Minister also informed that for transportation of coal, a service would be initiated from Karachi to Sahiwal from January next year and there would be an income of six to eight billion of rupees to the national exchequer from the Sahiwal Power Plant.

He said that the revenue of Pakistan Railways was 18 billion rupees in 2013 which was increased to Rs. 36 billion in the current year and that there is a move to enhance it further to Rs. 40 billion by 2017.
 
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