ISLAMABAD (DEC 30, 2016): China’s power company will invest in a power project in Pakistan and build a 4,000 MW power transmission line worth $1.5 billion, said a statement issued by PM House on Thursday.
State Grid of China will help build the high-capacity transmission line which will be the first of its kind in Pakistan and will link Matiari town, near a new power station, to Lahore city, a key link in transmission infrastructure, the statement said.
An agreement on the project was signed between Pakistani and Chinese officials in Beijing. Mohammad Younus Dagha, Secretary of Water and Power, and Shu Yinbiao, Chairman of State Grid Corporation of China signed the agreement.
According to a spokesperson for the PM office, construction on the project will begin in January, and should take about 20 months.
“The project is the latest in a series of big Chinese investments, most of which fall under a planned $55 billion worth of projects for a China-Pakistan Economic Corridor (CPEC),” added the spokesperson.
