CPECBULLETIN Your Ultimate Guide To CPEC
The Planning Commission Deputy Chairman Sartaj Aziz recently noted that the government is producing energy from all sources (wind, solar, hydro, LNG and Coal) in order to overcome the energy crisis. The energy projects under CPEC (China-Pakistan Economic Corridor) are important at this point as they are to add 17,000 MW to the current installed capacity of around 20,000 MW.
Most of the energy projects are being built on the model of public-private partnership. Chinese firms have invested around $30 billion already.
Aziz noted:
“The government is focusing on producing energy from various sources including solar, hydro and wind resources as well as LNG and coal-based power projects to overcome the ongoing energy crisis in the country. Power shortages coupled with high electricity costs have had a very negative impact on the economy and on public welfare. While inflow of new investments was hampered by the precarious security situation, production from existing units was seriously affected by electricity and gas load-shedding. As a result, the growth rate slowed down to an average of 3% between 2006 and 2013.”
