CPEC’s coal-fired power project has been jointly sponsored by Chinese and Qatari firms
Pakistan’s Prime Minister Shahid Khaqan Abbasi has inaugurated first unit coal-fired Power Project of the China-Pakistan Economic Corridor (CPEC) in Port Qasim.
Qatari Prince Sheikh Jassim bin Hamad Al-Thani was also present during the inauguration ceremony, the coal-fired power plant has been jointly sponsored by Chinese and Qatari firms.
According to Radio Pakistan, the first unit of the 1320 megawatt Port Qasim coal-fired power plant project is expected to generate 600mw of energy.
Chief Minister Sindh Murad Ali Shah and Governor Mohammad Zubair were also present at the inauguration ceremony.
Prime Minister Abbasi while speaking to the ceremony said that the main objective and purpose of the development projects, including the power projects, was to achieve high economic growth, generate job opportunities for the country’s youth.
“Pakistan has a vibrant democracy and the state institutions are on the same page and working for the betterment of Pakistan and it’s people”, PM Abbasi added.
Khaqan Abbasi said the 660MW (unit-I) was completed in a record time while the unit-II will be commissioned by February 2018. The government completed the energy project on time that it had started. Nepra reduced the electricity tariff by Rs2 per unit.
He also said that Qatar was willing to make investments in CPEC projects. The prime minister thanked the Qatari prince for gracing the inauguration event with his presence. He said the Port Qasim Coal Power Plant was a proof of Pak-China friendship.
Chinese Ambassador Yao Jing on the occasion said the Chinese government and Chinese companies would make every effort to make CPEC a success for the betterment and prosperity of Pakistani people.
Speaking on the occasion, Sheng Yuming, Chairman Power China Resources Limited and Port Qasim Electric Power Company, said the successful operation of two units will add 1,320MWs of reliable energy. “Designed to meet the full operation load for 30 years, the power plant is expected to make a significant contribution to resolve the energy shortage in Pakistan”.
The Port Qasim coal plant is jointly developed by the Power China Resources Limited and Qatar’s Al-Mirqab Capital with a total investment of $2.085 billion.