Chinese company build coal power plant Gwadar under CPEC
Pakistan gave go-ahead to a Chinese company to build a 300 MW coal-fired power plant in Gwadar.
Letter of interest written to China Communications Construction Company (CCCC) this week by Pakistan’s Private Power and Infrastructure Board (PPIB) Pakistan’s Private Power and Infrastructure Board (PPIB).
CCCC plans to develop the $600m project in which they use of imported coal.
Before going ahead CCCC will now need to obtain tariff approval from Pakistan’s National Electric Power Regulatory Authority. After the financial close of the project planned to begin construction work.
Currently, the project is under review by the PPIB along with 12 other projects including nine coal-based projects totaling 8220 MW and three hydropower projects totaling 2714 MW. This project is part of schemes $57bn China-Pakistan Economic Corridor initiative for energy and infrastructure projects for which the important location is Gwadar.
Prime Minister Nawaz Sharif last week inaugurated the first 660 MW unit of a 1320 MW coal-fired power project in Sahiwal as part of Pakistan’s plan to end load shedding by adding 10 GW of power capacity with the second unit expected to come online in December.