Edevelop
ELITE MEMBER
- Joined
- Feb 2, 2007
- Messages
- 14,735
- Reaction score
- 23
- Country
- Location
In a major development, Islamabad and Beijing have agreed to set up an energy planning working group to help Pakistan wriggle out of its energy crisis.
This was announced during a meeting of the third Sino-Pak energy working group and first energy working group of China-Pakistan Economic Corridor meeting held in Beijing, an official statement said here yesterday.
The meeting was co-chaired by Administer of Energy Administration (NEA) of China Wu Xinxiong and Federal Minister of Water and Power Khawaja Asif of Pakistan.
Islamabad will also take advantage of export credit insurance from Beijing to promote and sustain the development of a Chinese energy project in Pakistan.
The working group, however, expressed concern on the $448mn financing process for Neelum-Jhelum Hydropower project, which is to be jointly developed by EXIM Bank of China (EIBC) and the Ministry of Economic Affairs Division of Pakistan.
According to the minutes of the meeting, EIBC would now pay close attention to the Chinese government’s approval on the project’s insurance-free status and accelerate the relevant procedure so as to release the first batch of loan in the shortest time.
Further, according to the minutes of the meeting released to the media, the International Cooperation Department of China’s National Energy Administration and Ministry of Water and Power, Pakistan would take the lead on the respective sides to take charge of the specific work of the energy planning working group and establish a working plan and timetable before the end of February 2014.
China will play pivotal role in completing the feasibility study of the 6600MW Gadani Power Park and development of its power transmission and transformation circuit and power distribution and distribution grids.
In the meeting, the two parties agreed to make nuclear cooperation as one of the priorities for energy cooperation between the two countries.
Both parties agreed that China-Pakistan nuclear co-operation would continue to move forward in a sound and steady manner and the all-weather strategic partnership between Pakistan and China would be consolidated and developed.
The two sides also noticed that fruitful achievement has been established in the cooperative construction of nuclear power between China and Pakistan. Two in-service 300,000KW generator units of Chashma nuclear power plant have operated in good condition and the construction of the other two 300,000KW generator units has been smooth.
In the meeting both sides were satisfied with previous projects and were willing to continue cooperation on new projects such as Chashma 5 and Muzaffargarh 1-2 units.
Pakistan, China to set up energy planning group
This was announced during a meeting of the third Sino-Pak energy working group and first energy working group of China-Pakistan Economic Corridor meeting held in Beijing, an official statement said here yesterday.
The meeting was co-chaired by Administer of Energy Administration (NEA) of China Wu Xinxiong and Federal Minister of Water and Power Khawaja Asif of Pakistan.
Islamabad will also take advantage of export credit insurance from Beijing to promote and sustain the development of a Chinese energy project in Pakistan.
The working group, however, expressed concern on the $448mn financing process for Neelum-Jhelum Hydropower project, which is to be jointly developed by EXIM Bank of China (EIBC) and the Ministry of Economic Affairs Division of Pakistan.
According to the minutes of the meeting, EIBC would now pay close attention to the Chinese government’s approval on the project’s insurance-free status and accelerate the relevant procedure so as to release the first batch of loan in the shortest time.
Further, according to the minutes of the meeting released to the media, the International Cooperation Department of China’s National Energy Administration and Ministry of Water and Power, Pakistan would take the lead on the respective sides to take charge of the specific work of the energy planning working group and establish a working plan and timetable before the end of February 2014.
China will play pivotal role in completing the feasibility study of the 6600MW Gadani Power Park and development of its power transmission and transformation circuit and power distribution and distribution grids.
In the meeting, the two parties agreed to make nuclear cooperation as one of the priorities for energy cooperation between the two countries.
Both parties agreed that China-Pakistan nuclear co-operation would continue to move forward in a sound and steady manner and the all-weather strategic partnership between Pakistan and China would be consolidated and developed.
The two sides also noticed that fruitful achievement has been established in the cooperative construction of nuclear power between China and Pakistan. Two in-service 300,000KW generator units of Chashma nuclear power plant have operated in good condition and the construction of the other two 300,000KW generator units has been smooth.
In the meeting both sides were satisfied with previous projects and were willing to continue cooperation on new projects such as Chashma 5 and Muzaffargarh 1-2 units.
Pakistan, China to set up energy planning group
