China, Punjab sign Taunsa project accord

[mehru]

LAHORE-A historic agreement was signed between China and Punjab in Beijing on Wednesday for generation of 120 megawatt electricity from Taunsa Barrage.
To be completed with the cooperation of China in three years, the project will cost Rs.26 billion. According to an official handout, Chairman Punjab Development Company Babar Nadeem and the Chairman of the State Corporation which produces 30,000 megawatt electricity in China, Wang Shao Fang signed the agreement.
Addressing the signing ceremony, the Chief Minister Punjab Muhammad Shahbaz Sharif expressed his gratitude to the Chinese government and people and said that generation of power from Taunsa Barrage would be a historic event.
He said that loadshedding besides creating problems for Pakistani people, had also affected industrial and business activities. He said that generation of power from Taunsa Barrage would help mobilise economy as well as generate employment opportunities.
He said that the low-cost power generation project had paved the way for foreign investment in energy and other sectors in Punjab and it is hoped that Pakistan would be able to overcome the serious issue of loadshedding through such projects.
He expressed the confidence that China could play an important role in ridding Pakistan of loadshedding.
Meanwhile, at the invitation of Chinese Communist Party, Muhammad Shahbaz Sharif met its senior leadership at Great People’s Hall.
Senator Pervaiz Rashid, Rana Sanaullah, Khawaja Ahmed Hasaan, Saud Majid, Hafiz Mian Nauman, Zaeem Hussain Qadri, Rana Mubashar Iqbal, Kiran Imran, Shamsa Gohar and a number of important leaders of Chinese Communist Party were present on the occasion.
Talking to the visiting delegation from Punjab, senior leader of Chinese Communist Party Jia Qing Lin said that Chinese Communist Party was deeply interested in the reforms programme by PML-N.
He also stressed the need of better working relationship and increased contacts between the Communist Party of China and PML-N.
The Chief Minister Punjab said that equitable distribution of resources and welfare of the deprived segments of the society was the common agenda of both the parties.
INP adds: China’s top political adviser Jia Qinglin met with Pakistan Muslim League-Nawaz (PML-N) leader Shahbaz Sharif in Beijing on Wednesday, where the officials vowed to maintain exchanges between political parties in both countries.
Jia, a member of the Standing Committee of the Communist Party of China (CPC) Central Committee’s Political Bureau, spoke highly of the relationship between the CPC and Pakistani political parties.
He said the CPC will maintain high-level exchanges with the PML-N, strengthen communication between young politicians and promote sound, stable and sustainable development in relations between the two countries.
Shahbaz said the PML-N, Pakistan’s largest Opposition party, attaches great importance to its relations with the CPC.
It will further enhance exchanges and cooperation with the CPC, learn from the party and promote the in-depth development of Pakistan-China relations, he said.
Jia, also Chairman of the Chinese People’s Political Consultative Conference (CPPCC) National Committee, said the relationship between China and Pakistan was ‘solid as a rock’, and the two countries ‘harmonious, trustful and friendly’ relationship has become a model of the kind of relationship that can exist between countries with different cultural backgrounds.
‘China will continue to support Pakistan’s efforts to safeguard national security, maintain social stability and promote economic development. China also appreciates the firm support given by the Pakistani government on issues concerning China’s core interests’, Jia added.
He vowed that the Chinese government will encourage more companies to join in Pakistan’s development. China will work with Pakistan to deepen their friendship and expand cooperation.

China, Punjab sign Taunsa project accord | Pakistan | News | Newspaper | Daily | English | Online

 

[ice_man]

Kalabagh is the need of the hour!!!! but our ethnic leaders are blinding the public!!

 

[Omar1984]

Kalabagh is the need of the hour!!!! but our ethnic leaders are blinding the public!!

Kalabagh is needed and also this Taunsa Project is needed.

Pakistan needs to overcome the energy crisis.

 

[Omar1984]

Taunsa to open new avenues of investment​

LAHORE - Punjab Chief Minister Shahbaz Sharif has said the agreement for Taunsa Power Project with the Chinese company, which built the biggest dam of the world, will prove to be a new chapter of foreign investment in Pakistan.

He said this at a briefing after a visit to Three Gorges Dam, which is the world’s largest hydel-power project in the Chinese province of Hubei.

While recording his impressions in the visitors’ book, the chief minister termed the Tree Gorges Dam a “gorgeous one” in reality and a tribute to the unshakable commitment, indefatigable efforts and indomitable spirit of the Chinese people. He described the dam as the eighth wonder of the world.

Referring to Taunsa Power Project, the chief minister said that the project would prove to be a memorable gift for the people of Punjab from the government and people of China and a glaring example of Pak-China friendship. He said that Taunsa Power Project would help reduce loadshedding, transfer of hydel-power technology to Pakistan, resumption of industrial activities and creation of job opportunities.

The chief minister said that Pakistan wanted to benefit from Chinese expertise at Taunsa Barrage and other projects. He said that he would be happy to play host to Chinese engineers and workers.

Later, leaders of Chinese Communist Party hosted a reception for the chief minister and his delegation in Ye Chang, which is the central city of Hubei province.

Speaking on the occasion, he said people of China are the custodians of the ancient wisdom of China, spanning over thousands of years, while the Communist Party had played a historic role in utilising their capabilities.

He said that he and his delegation had come with a programme of cooperation with China in agriculture, livestock, road construction, hydel-power, communication and other sectors and were happy that the leadership of the Communist Party was extending all out encouragement and patronage.

Local leader of Chinese Communist Party Li Ya Long in his address said that visit of the delegation led by Punjab Chief Minister would play an important role in cementing friendly relations between the two countries and mutual contacts would be made more effective and result-oriented in science, technology, culture and other sectors.

Meanwhile, an important agreement was signed between the Punjab government and a renowned Chinese company Sino-tech in Beijing on Thursday.

CM Shahbaz Sharif and other members of his delegation including Senator Pervaiz Rashid, Provincial Minister for Law Rana Sanaullah, Saud Majeed, Hafiz Mian Muhammad Nauman, Zaeem Qadri, Kiran Imran, and Shamsa Gohar were also present on the occasion.

Chairman Punjab Board of Investment Rizwan Ullah Khan and the head of Sino-tech, Jin Guang Ming signed the agreement under which the Chinese company will select projects for investment in livestock, agriculture and other sectors while Punjab Investment Board will help in the purchase of land, supply of power and gas and other facilities.