China expedites work on $1.7 B HVDC line
Pakistan: China has expedited initial work on the Matiari-Lahore high-voltage direct transmission line project valued at $1.7 B.
To kick off the project, a Chinese Fushun Electric Porcelain Manufacturing company has shipped power equipment to Pakistan for the country’s first transmission project under the China-Pakistan Economic Corridor (CPEC) framework. The total investment of the project is $1.658 billion and it will be officially put into operation in 2021.
The Matiari-Lahore high-voltage direct current transmission line project has already secured financing. This is the country’s first private sector transmission project under CPEC and will transmit more than 4,000 MW of coal-based electricity from projects in Sindh to Punjab’s main grid.
Besides the transmission project, the Private Power Infrastructure Board is currently facilitating the implementation of power projects having a cumulative capacity of 10,934 MW under CPEC, which include various projects.
CPEC envisaged a capital investment of $60 B to generate economic activities. Most of the committed investment is targeted at improving generation capacity and transmission capability in the energy sector of Pakistan.
Source: Pakistan Today