CPEC: Projects worth $27.4 billion have been realized
ISLAMABAD, Jan. 5 (Gwadar Pro) - The total planned investment under China-Pakistan Economic Corridor (CPEC) is $62 billion between Financial Year 2015 and FY2030, out of which projects worth $27.4 billion have been realized, with energy sector (power generation, coal mining and transmission lines) representing 76 percent.
It covers power generation projects, both fossil fuel and renewable, of about 11 GW. To date, about 5,520 MW energy projects have been completed. More than half of these projects are coal-based power plants, according to an annual report on renewable energy released by Sustainable Development Policy Institute (SDPI).
The report says the completed projects under the corridor include 1320 MW Sahiwal Coal-fired Power Plant, 1320MW Coal-fired Power Plant at Port Qasim, Karachi, 1320MW China Hub Coal Power Project, Hub, Balochistan, 660 MW Engro Thar Coal Power Project, 1000 MW Quaid-e-Azam Solar Park, Bahawalpur, 50 MW Hydro China Dawood Wind Farm, Gharo, 100 MW UEP Wind Farm, Jhimpir, Thatta, 50 MW Sachal Wind Farm, Jhimpir, Thatta, 100 MW Three Gorges Second and Third Wind Power Project, Matiari to Lahore 660 KV HVDC Transmission Line Project, and 720 MW Karot Hydropower Project, AJK/Punjab.
The projects that are under construction include 1320 SSRL Thar Coal Block-I (2660MW), 330MW HUBCO Thar Coal Power Project, 330MW HUBCO ThalNova Thar Coal Power Project, 884MW Suki Kinari Hydropower Project, KP, and 300 MW Coal-Fired Power Project, Gwadar.