Pakistan Launches 1st Power Plant in Framework of Economic Corridor With China – Reports

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MOSCOW, May 25 (Sputnik) – Pakistan launched first project in the framework of the China-Pakistan Economic Corridor (CPEC), putting into operation a 660-megawatt unit of Sahiwal Coal Power plant in the eastern Punjab province, media reported Thursday.
According to IRNA news agency, the plant was launched by Pakistani Prime Minister Muhammad Nawaz Sharif and Chinese Ambassador to Pakistan Sun Weidong.
The project comprises two environmentally friendly units with a total capacity of 1,320 megawatt. The second unit of the plant is expected to be put into operation in June.
The project, the total cost of which amounted to $1.8 billion, was constructed by China’s Huaneng Shandong company and the Shandong Ruyi Science & Technology Group.
China and Pakistan agreed to build an economic corridor in 2007 to facilitate bilateral trade. On November 13, the first trade convoy came from China to Pakistan’s deep-sea port of Gwadar, managed by the Chinese Overseas Port Holdings Limited company.
According to the project’s website, the CPEC is expected to contribute to the economic growth of such countries as Iran, Afghanistan, India and the Central Asian republics, benefiting China and Pakistan as well.