1st private sector transmission line achieves financial close.

First high voltage direct current (HVDC) transmission line project of Pakistan, which will be 878 kilometres long, extending from Matiari to Lahore, has achieved a financial close. The project entails an investment of $1.658 billion. This was announced on Wednesday at a signing ceremony held at the Power Division. The documents were signed and exchanged by the Private Power and Infrastructure Board (PPIB) Managing Director Shah Jahan Mirza and the Chinese company's Chief Executive Officer Wang Bo.

This HVDC transmission line project is being developed under the framework of the China-Pakistan Economic Corridor (CPEC) agreement, and is another landmark achievement surfaced as a result of the efforts and facilitation of PPIB, Power Division, NTDC and other...