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China and Pakistan sign a $2 billion deal to build coal-fired power plants

2 years ago 1366 0 News

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China's $2 billion deal to build a coal-fired power plant


A few days ago, China and Pakistan signed a $2 billion deal, to work together for large coal-fired power plants in southern Pakistan's Sindh province.

It is reported that the cost of the project will be more than $2 billion, including 3.8 million tons of coal mining, and the construction of a 660 MW power station near the mine.

China will fund $500 million, and Pakistan will provide $500 million, the two sides mainly by China development bank and Habib bank funding.

The coal-fired power plant project is expected to be completed by the end of 2017 and will become China's first project - Pakistan economic corridor planning. 

China-Pakistan economic corridor will be Gwadar in Pakistan and China Xinjiang Kashgar between road, railway, and energy infrastructure of a network of 3000 kilometers. 

Economic corridor construction will help Pakistan recover its economy, and promote China's border economic growth.

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