国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

China Machinery Engineering to fund Pakistan coal projects

By Lyu Chang (China Daily) Updated: 2015-12-22 09:49

Consortium to help finance $2 billion Engro coal-mining and power generation project

A consortium led by China Machinery Engineering Corp is set to finance a coal-based power plant and a mining project being developed by Engro Corp, a Pakistani firm.

The first phase of the $2 billion project will consist of a coal-based power plant with two 330-megawatt units in Thar Block II in the Sindh province of Pakistan and a coal mining project for power generation.

The project is also part of the cooperation along the China-Pakistan Economic Corridor, which runs about 3,000 kilometers from Gwadar to the northwestern Chinese city of Kashgar, Xinjiang Uygur autonomous region, a part of the ancient Silk Road linking Eurasia and Africa, CMEC said in a statement.

Zhang Chun, president of CMEC, said that it is the first integration project of coal mining and coal-based power plant among the projects in the China-Pakistan Economic Corridor, which is expected to push forward the economic development in Pakistan.

"I think we have opened a new chapter in the overseas market with this project," Zhang said.

"Since our strength lies in foreign engineering project contracting, it will become a model project in Pakistan."

The deal follows President Xi Jinping's state visit to Pakistan in April, when the two sides agreed to set up an economic corridor to bolster China's new trade initiatives-the Silk Road Economic Belt and the 21st Century Maritime Silk Road.

Wang Shida, an expert on Afghanistan at the Beijing-based China Institute of Contemporary International Relations, said that the project will help bolster Pakistan's energy supplies, something that has hindered local economic development.

He said Pakistan relies heavily on imported crude oil, diesel and natural gas, with less than 0.1 percent of energy coming from coal-fired power stations, leaving much potential for growth in coal-based power projects.

"The cost is very high due to the reliance on imports. Construction of more coal-powered plants will ease the demand-supply gap in Pakistan," he said.

China has already invested more than $40 billion for development of the China-Pakistan Economic Corridor with energy projects being a major focus including hydropower plants, coal-fired stations and wind farms, experts said.

The signing ceremony also involved financial groups like China Development Bank and Habib Bank Ltd in Pakistan.

Hot Topics

Editor's Picks
...
科尔| 七台河市| 仪陇县| 和政县| 凤山县| 原阳县| 阿拉善右旗| 武穴市| 杨浦区| 隆德县| 南阳市| 吕梁市| 甘孜县| 嵊州市| 富平县| 仙居县| 安顺市| 柘荣县| 皋兰县| 固镇县| 尼玛县| 公主岭市| 织金县| 辽宁省| 马关县| 阿荣旗| 长沙市| 西城区| 平阳县| 增城市| 镇安县| 天津市| 和林格尔县| 那坡县| 陕西省| 柳河县| 诏安县| 平昌县| 和政县| 财经| 河曲县|