BEIJING -- The PowerChina, a state-owned company, has so far completed around 40 various projects at a cost of $ 6 billion in different parts of Pakistan.
"Besides, as many as 22 projects are currently being executed with a total contract value of about $ 2.8 billion," said Director of Party Affairs Corporate Culture Department SUN Degao while taking to a group of journalists.
Sharing the details of the projects, he said that PowerChia had completed work on Tarbela 4th extension Hydropower, Gomal Zam Multipurpose project, Khan Khwar Hydropower station, Duber Khwar Hydropower station, Darawat Dam, 1230 MW Haveli Bahadur Shah Gas-fired combined Cycle power plant, 1320MW Sahiwal
Cial-fired power plant project, 660 MW lucky Coal-fired power plant and 2x660 MW Port Qasim Coal-fired plant.
About ongoing projects, he said, that the ChinaPower is working on 50 hMW Sachal wind power project, 150 MW Tricon Boston Wind power project, 50MW Master Wind power project, 52.8MW Sahppire wind power projects, 30MW wind power project.
He said that Powerchina is the key player in the renewable energy sector of Pakistan and has 350 mw completed nine wind farm projects on Engineering, Procurement, Construction (EPC) basis till now.
He said that Powerchina has undertook part in Lahore Metro Transit Orange Line projects' track laying work, full line water supply and drainage and fire protection engineering work .
He said that currently, POWERCHINA Resources Ltd (PCR) has 8 projects in operation, 4 projects under construction, over 10 projects in pre-development stage in over 10 countries. So far, PCR has a total installed capacity of 4390 MW under construction and operation. Its annual power generation has exceeded 10 billion kWh.
To a question he said that Port Qasim Coal-fired Power Project is collaboratively developed by the government of China and the government of Pakistan, being jointly invested by PCR and Al Mirqab Capital.
As the first energy project implemented under China-Pakistan Economic Corridor (CPEC), he said it was also currently the largest overseas investment project of POWERCHINA and is of great political, economic and social significance.
He said that Qasim Project has generated a total of 6.6 billion kWh of electricity in 2019 , achieved an accumulative generation of 14.4 billion kWh since its operation, and paid various taxes and fees of 225 million US...