China Pakistan Economic Corridor (CPEC) | Updates & Discussions
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China helps build green coal power plant in Pakistan
(CRI Online) 13:47, March 22, 2017
Chinese and Pakistani investors inaugurated the project in Hub, Balochistan province, Pakistan, on March. 21, 2017. (Photo/CRI)
The groundbreaking ceremony for a China-Pakistan joint venture, a coal fired power plant, was held in Hub, in the country's southwestern Balochistan province on Tuesday.
The power complex, built at a cost of two billion US dollars, will install two 660 MW power units, and will provide electricity to four million local families after its completion in August 2019.
The power complex is also expected to generate nine billion kilowatt hours of electricity to the Pakistani national grid, and provide cheaper energy to Pakistani consumers.
Chain Power Hub Generation Company is a joint venture between the State Power Investment Corporation, China Power International Holding and the Hub Power Company Pakistan.
The Pakistani Federal Minister for planning and development Ahsan Iqbal laid the foundation stone for the plant, which is the first energy project in the China-Pakistan Economic Corridor (CPEC) and said the project is of great importance to Pakistan.
"Under CPEC, 35 billion dollars were allocated to the energy sector, because in 2013, Pakistan was facing not acute but acutest energy crisis in the country with power shortages up to 18 to 20 hours per day. Without fixing energy problem, no country can move forward on its development path. CPEC has helped Pakistan fix the biggest problem in its economy for future growth. CPEC has also proven that a friend in need is a friend indeed."
The CEO of the Hub Power Company Khalid Mansoor said with soaring crude oil prices, Pakistan has to lessen its reliance on oil and seek cheaper fuel sources to generate electricity.
"The inclusion of a coal project for the first time in the country and for the power generation portfolio will certainly diversify the fuel links, and to use the cost of electricity, which will bring down the industrial and manufacturing cost and increase the competitiveness of Pakistani export in the global area, which is a major concern these days. The project will comply with international environmental standards for coal fired power plants."
In addressing environmental pollution concerns, the chairman of the China Power International Holding Ltd Wang Binghua promised that 10 percent of the total cost of the project will be used in emission control.
"Super critical technology, which is globally used to improve coal efficiency and a highly efficient technology for desulfurization, will be used in the Hub project. The project will be equipped with an electrostatic precipitator to meet the highest requirements for emission controls in Pakistan. Low-nitrogen combustion technology will also be adopted to lower emissions of nitrogen oxides."
According to the Chinese consul general Wang Yu, a total of 11 energy projects in the China-Pakistan Economic Corridor are underway, which will have a generation capacity of more than 7,000 megawatts.
(CRI Online) 13:47, March 22, 2017
The groundbreaking ceremony for a China-Pakistan joint venture, a coal fired power plant, was held in Hub, in the country's southwestern Balochistan province on Tuesday.
The power complex, built at a cost of two billion US dollars, will install two 660 MW power units, and will provide electricity to four million local families after its completion in August 2019.
The power complex is also expected to generate nine billion kilowatt hours of electricity to the Pakistani national grid, and provide cheaper energy to Pakistani consumers.
Chain Power Hub Generation Company is a joint venture between the State Power Investment Corporation, China Power International Holding and the Hub Power Company Pakistan.
The Pakistani Federal Minister for planning and development Ahsan Iqbal laid the foundation stone for the plant, which is the first energy project in the China-Pakistan Economic Corridor (CPEC) and said the project is of great importance to Pakistan.
"Under CPEC, 35 billion dollars were allocated to the energy sector, because in 2013, Pakistan was facing not acute but acutest energy crisis in the country with power shortages up to 18 to 20 hours per day. Without fixing energy problem, no country can move forward on its development path. CPEC has helped Pakistan fix the biggest problem in its economy for future growth. CPEC has also proven that a friend in need is a friend indeed."
The CEO of the Hub Power Company Khalid Mansoor said with soaring crude oil prices, Pakistan has to lessen its reliance on oil and seek cheaper fuel sources to generate electricity.
"The inclusion of a coal project for the first time in the country and for the power generation portfolio will certainly diversify the fuel links, and to use the cost of electricity, which will bring down the industrial and manufacturing cost and increase the competitiveness of Pakistani export in the global area, which is a major concern these days. The project will comply with international environmental standards for coal fired power plants."
In addressing environmental pollution concerns, the chairman of the China Power International Holding Ltd Wang Binghua promised that 10 percent of the total cost of the project will be used in emission control.
"Super critical technology, which is globally used to improve coal efficiency and a highly efficient technology for desulfurization, will be used in the Hub project. The project will be equipped with an electrostatic precipitator to meet the highest requirements for emission controls in Pakistan. Low-nitrogen combustion technology will also be adopted to lower emissions of nitrogen oxides."
According to the Chinese consul general Wang Yu, a total of 11 energy projects in the China-Pakistan Economic Corridor are underway, which will have a generation capacity of more than 7,000 megawatts.
Long John Silver
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Ahsan (CPEC to transform Pakistan into regional hub of socioeconomic activities: Ahsan)
04/10/2017 | 05:12pm
Planning Minister Ahsan Iqbal has said China-Pakistan Economic Corridor would allow Pakistan to become a hub of socio-economic activity between Asia, Central Asia and South Asia.
He was addressing the 1st All Pakistan Chambers and Associations Seminar on CPEC at Gwadar.
He said that inter and intra region connectivity provided by CPEC makes it a fate changer for everyone because connectivity ensures greater trade, socioeconomic activity and general welfare.
He said CPEC presents an opportunity to Pakistan to grab major of share of the available jobs which could help employ the unemployed surplus labour.
The minister said CPEC had allowed Pakistan to transform Pak-China geo-strategic relations into geo-economic for the first time in the History.
Ahsan Iqbal said CPEC was further allowing Pakistan to embrace the shift the world saw in 20th Century from geo-politics to geo-economics.
The Minister said timely efforts and mega investments in energy sector under CPEC was drastically increasing Pakistan's capacity to produce energy.
Ahsan Iqbal hoped that CPEC could be materialised as a tool of inclusive growth where the people of Pakistan could be the subjects of the development process.
(c) 2017 Pakistan Press International (PPI). All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers
04/10/2017 | 05:12pm
Planning Minister Ahsan Iqbal has said China-Pakistan Economic Corridor would allow Pakistan to become a hub of socio-economic activity between Asia, Central Asia and South Asia.
He was addressing the 1st All Pakistan Chambers and Associations Seminar on CPEC at Gwadar.
He said that inter and intra region connectivity provided by CPEC makes it a fate changer for everyone because connectivity ensures greater trade, socioeconomic activity and general welfare.
He said CPEC presents an opportunity to Pakistan to grab major of share of the available jobs which could help employ the unemployed surplus labour.
The minister said CPEC had allowed Pakistan to transform Pak-China geo-strategic relations into geo-economic for the first time in the History.
Ahsan Iqbal said CPEC was further allowing Pakistan to embrace the shift the world saw in 20th Century from geo-politics to geo-economics.
The Minister said timely efforts and mega investments in energy sector under CPEC was drastically increasing Pakistan's capacity to produce energy.
Ahsan Iqbal hoped that CPEC could be materialised as a tool of inclusive growth where the people of Pakistan could be the subjects of the development process.
(c) 2017 Pakistan Press International (PPI). All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers
saba shahid
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Guys whats new is happening in CPEC? Used to hear a lot of news about CPEC but cant hear anything anymore.
ahojunk
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China-Pakistan Economic Corridor brings benefits
CGTN
Published on 15 Apr 2017
Construction of the China-Pakistan Economic Corridor (CPEC), an important part of China's Belt and Road Initiative, began in April 2015 during Chinese President Xi Jinping's visit to Pakistan. The Karakorum Highway section from Havelian to Thakot plays a key part. The 1,300-kilometer Karakorum Highway is the highest paved international road in the world and the only overland channel connecting China and Pakistan.
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CPEC is at take-off stage: Chinese envoy
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ISLAMABAD: China’s Deputy Chief of Mission Zhao Lijian said on Monday that China Pakistan Economic Corridor (CPEC) was at take-off stage under which several projects including Sahiwal power project, Port Qasim power project and four wind power projects would be completed this year under Early Harvest Programme (EHP).
“China has elevated 700 million out of poverty by achieving higher growth for 30 years and now we will share our experience with Pakistan for lifting out people from poverty. The CPEC is under implementation at accelerated pace out of six corridors being built by China in different parts of the country,” China’s Deputy Chief of Mission in Pakistan Zhao Lijian said while addressing a seminar organised by Center for Global & Strategic Studies (CGSS) Islamabad here at the National Library Auditorium on Monday.
He said that under Road and Belt Initiative (RBI) Pakistan and China were finalising framework agreement on Mainline-1 (ML-1) which could become the biggest project under the CPEC as its estimated cost was at $8.5 billion while existing bigger project cost of Multan-Sukkhar motorway stood at $3 billion.
“We are here to help Pakistan for creating win-win situation for both Pakistan and China under CPEC initiative,” he said and added that so far the CPEC was most successful among six corridors launched by China in different parts of the world.
He said that there were 65 countries and multilateral institutions involved into One Belt One Road initiative known as BRI whereby 4.45 billion would get benefit, equivalent to 63 percent population of the globe. It will result into investment of $21 trillion, which is 29 percent of the world’s wealth share. He said that China was seriously working to establish links between Asia and Europe and now rail links from China to UK was becoming reality.
China, he said, had launched six corridors but the CPEC was the most successful one under which 29 projects were identified and 18 projects were under implementation stage with total investment of $28 billion. Under the one initiative, one corridor is aimed at connecting India, Bangladesh, Myanmar and China but projects identified under CPEC would be nearing for completion this year.
He identified that Sahiwal Power Project, Port Qasim Power Project and Wind Power Project would be completed this year as now CPEC had come at the take-off stage.He said that there was political consensus on CPEC as all chief ministers of provincial governments realised the importance of this important initiative.
Dwelling some light on the CPEC mechanism, he said the Joint Coordination Committee (JCC) was the highest decision-making process and then four joint working groups (JWGs) were making plans on transport, energy, Gwadar and industrial cooperation.
“Much of the projects are progressing well but there are some facing problems,” he said and added that both sides were cooperating through close coordination for resolving the problems. “There are very few projects related to which problems surface on the media,” he added.
The CPEC planning, he said, was done on scientific basis which aims at creating win-win situation for both the sides. Talking about $46 billion CPEC amount, he said that it was not loan or grant but it was investment into specified projects. There were many projects undertaken in Balochistan and KP and China would be investing $260 million for construction of Gwadar Airport. China, he said, wants to help Balochistan to build its capacity.
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ISLAMABAD: China’s Deputy Chief of Mission Zhao Lijian said on Monday that China Pakistan Economic Corridor (CPEC) was at take-off stage under which several projects including Sahiwal power project, Port Qasim power project and four wind power projects would be completed this year under Early Harvest Programme (EHP).
“China has elevated 700 million out of poverty by achieving higher growth for 30 years and now we will share our experience with Pakistan for lifting out people from poverty. The CPEC is under implementation at accelerated pace out of six corridors being built by China in different parts of the country,” China’s Deputy Chief of Mission in Pakistan Zhao Lijian said while addressing a seminar organised by Center for Global & Strategic Studies (CGSS) Islamabad here at the National Library Auditorium on Monday.
He said that under Road and Belt Initiative (RBI) Pakistan and China were finalising framework agreement on Mainline-1 (ML-1) which could become the biggest project under the CPEC as its estimated cost was at $8.5 billion while existing bigger project cost of Multan-Sukkhar motorway stood at $3 billion.
“We are here to help Pakistan for creating win-win situation for both Pakistan and China under CPEC initiative,” he said and added that so far the CPEC was most successful among six corridors launched by China in different parts of the world.
He said that there were 65 countries and multilateral institutions involved into One Belt One Road initiative known as BRI whereby 4.45 billion would get benefit, equivalent to 63 percent population of the globe. It will result into investment of $21 trillion, which is 29 percent of the world’s wealth share. He said that China was seriously working to establish links between Asia and Europe and now rail links from China to UK was becoming reality.
China, he said, had launched six corridors but the CPEC was the most successful one under which 29 projects were identified and 18 projects were under implementation stage with total investment of $28 billion. Under the one initiative, one corridor is aimed at connecting India, Bangladesh, Myanmar and China but projects identified under CPEC would be nearing for completion this year.
He identified that Sahiwal Power Project, Port Qasim Power Project and Wind Power Project would be completed this year as now CPEC had come at the take-off stage.He said that there was political consensus on CPEC as all chief ministers of provincial governments realised the importance of this important initiative.
Dwelling some light on the CPEC mechanism, he said the Joint Coordination Committee (JCC) was the highest decision-making process and then four joint working groups (JWGs) were making plans on transport, energy, Gwadar and industrial cooperation.
“Much of the projects are progressing well but there are some facing problems,” he said and added that both sides were cooperating through close coordination for resolving the problems. “There are very few projects related to which problems surface on the media,” he added.
The CPEC planning, he said, was done on scientific basis which aims at creating win-win situation for both the sides. Talking about $46 billion CPEC amount, he said that it was not loan or grant but it was investment into specified projects. There were many projects undertaken in Balochistan and KP and China would be investing $260 million for construction of Gwadar Airport. China, he said, wants to help Balochistan to build its capacity.
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CPEC to boost trade, industrial growth in Pakistan
April 18, 2017
Seminar on ‘One Belt, One Road’ project
Zubair Qureshi
Under the visionary leadership of President Xi Jinping and Prime Minister Li Keqiang, China has come up with “One Belt, One Road (OBOR) or Belt and Road Initiative (BRI)” connecting three continents of the world through six mega economic routes along with revival of old Maritime Silk Route.
This was highlighted during a seminar on the Belt & Road Initiative by the Center for Global & Strategic Studies (CGSS) here on Monday. The panelists discussed progress on the project and evaluated the opportunities arising from the OBOR for the local community.
Deputy Head of Mission Peoples Republic of China Mr. Zhao Lijian was the chief guest on the occasion. The speakers’ panel included Ambassador Akram Zaki, Dr. Akram Sheikh, Brig (R) Akhtar Nawaz Janjua and Amer Hashmi.
The agenda of this seminar was to discuss the six trade corridors planned under the initiative of One Belt One Road (OBOR) with a greater emphasis on the China-Pakistan Economic Corridor (CPEC) which is now leading Pakistan to a new era of progress and development.
The trade routes namely – China-Mongolia-Russia Economic Corridor (CMREC), New Eurasian Land Bridge (NELB), China-Central and West Asia Economic Corridor (CCWAEC), China-Indo-China Peninsula Economic Corridor (CICPEC), China-Pakistan Economic Corridor (CPEC), and Bangladesh-China-India-Myanmar Economic Corridor (BCIMEC).
OBOR’s transnational economic roadmap encompasses three out of total seven continents (Asia, Middle East and Europe) and is going to be a wonder of the 21st century, the speakers opined.
In his keynote address Mr Zhao Lijian said CPEC was a promising venture which had not only given a boost in the economic performance of Pakistan but also further strengthened bilateral diplomatic and strategic relations between Pakistan and China. Appreciating the CGSS initiative Mr Lijian said it was a timely seminar organized by the CGSS to raise awareness among the people that it is in the best interest of the people of Pakistan. Various aspects of the CPEC are being continuously analyzed which is a sign of individuals and institution’s growing interest in it, he said. Mr Zhao Lijin said China had given a new vision to the world with the initiation of the corridor and there are countless opportunities of investment, trade and development along this historic route.
Zhao Lijin made it clear that the western route of the CPEC was an important and integral part of the corridor and like Balochistan, Khyber Pakhtunkhw would also benefit a great deal from the project. We are planning to make more investment on the western part in the days to come, he said.
According to the Chinese leadership, purpose of the OBOR is not to expand its dominance rather it would be a win-win situation for around 60 states connected with these trade routes as it would cause implication of around 21 trillion dollars, strengthen their economies and improve living standards of about 4.4 billion people living there. In a wider perspective, Chinese look determined and are vigorously engaged in completing these trade routes.
April 18, 2017
Seminar on ‘One Belt, One Road’ project
Zubair Qureshi
Under the visionary leadership of President Xi Jinping and Prime Minister Li Keqiang, China has come up with “One Belt, One Road (OBOR) or Belt and Road Initiative (BRI)” connecting three continents of the world through six mega economic routes along with revival of old Maritime Silk Route.
This was highlighted during a seminar on the Belt & Road Initiative by the Center for Global & Strategic Studies (CGSS) here on Monday. The panelists discussed progress on the project and evaluated the opportunities arising from the OBOR for the local community.
Deputy Head of Mission Peoples Republic of China Mr. Zhao Lijian was the chief guest on the occasion. The speakers’ panel included Ambassador Akram Zaki, Dr. Akram Sheikh, Brig (R) Akhtar Nawaz Janjua and Amer Hashmi.
The agenda of this seminar was to discuss the six trade corridors planned under the initiative of One Belt One Road (OBOR) with a greater emphasis on the China-Pakistan Economic Corridor (CPEC) which is now leading Pakistan to a new era of progress and development.
The trade routes namely – China-Mongolia-Russia Economic Corridor (CMREC), New Eurasian Land Bridge (NELB), China-Central and West Asia Economic Corridor (CCWAEC), China-Indo-China Peninsula Economic Corridor (CICPEC), China-Pakistan Economic Corridor (CPEC), and Bangladesh-China-India-Myanmar Economic Corridor (BCIMEC).
OBOR’s transnational economic roadmap encompasses three out of total seven continents (Asia, Middle East and Europe) and is going to be a wonder of the 21st century, the speakers opined.
In his keynote address Mr Zhao Lijian said CPEC was a promising venture which had not only given a boost in the economic performance of Pakistan but also further strengthened bilateral diplomatic and strategic relations between Pakistan and China. Appreciating the CGSS initiative Mr Lijian said it was a timely seminar organized by the CGSS to raise awareness among the people that it is in the best interest of the people of Pakistan. Various aspects of the CPEC are being continuously analyzed which is a sign of individuals and institution’s growing interest in it, he said. Mr Zhao Lijin said China had given a new vision to the world with the initiation of the corridor and there are countless opportunities of investment, trade and development along this historic route.
Zhao Lijin made it clear that the western route of the CPEC was an important and integral part of the corridor and like Balochistan, Khyber Pakhtunkhw would also benefit a great deal from the project. We are planning to make more investment on the western part in the days to come, he said.
According to the Chinese leadership, purpose of the OBOR is not to expand its dominance rather it would be a win-win situation for around 60 states connected with these trade routes as it would cause implication of around 21 trillion dollars, strengthen their economies and improve living standards of about 4.4 billion people living there. In a wider perspective, Chinese look determined and are vigorously engaged in completing these trade routes.
beijingwalker
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China-Pakistan Economic Corridor brings benefits
maximuswarrior
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Huge benefits at that.
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