The Terms Of Power Projects Finalized With China

The Terms Of Power Projects Finalized With China |

The Terms Of Power Projects Finalized With China |PakistanTribe.comISLAMABAD – The Chinese companies will invest $15 Billion in Pakistan. There will be an agreement of the purchase of 6000 Mega Watt electricity on the arrival of Chinese President.

The two countries will enter in an agreement regarding the Chinese investment in Pakistan of more than $15 Billion. The arrangements have been made regarding the agreement.

The final signature on the documents of the investments and power generation project would be carried out in the Chinese President’s visit in the coming week.

Ministry of Water and Electricity told that, all arrangements and working papers have been finalized in this regard and Chinese President may come to Pakistan on April 09 on his two days visit.

The Prime Minister has formed the special committee to arrange the visit of Chinese President under the supervision of Finance Minister, Ishaq Dar.

The sources told that, there is a possibly of signing the deal of purchase of 4000-6000 Mega Watt electricity from China.

The amount would not be borrowed from China; rather it would be an investment of Chinese Companies in Pakistan. The Chinese companies will invest in finding the resources of 150 Trillion Cubic Feet Gas in Pakistan.

105 out of the total of 160 natural gas resources in Pakistan are shale gas resources. Huge investment and heavy technology is required to discover these shale gas resources.

The Chinese companies showed commitment to help Pakistan find these resources. The Chinese companies showed keen interest in oil recovery from closed Oil fields.

Read Also: Government Offers To Build China City In Gwadar To Facilitate Chinese Investors

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