Islamabad:The Prime Minister Imran Khan will formally inaugurate the first unit of CPEC power project in Hub, Balochistan in October this year.
The project is a joint venture between HUBCO Pakistan and China Power Holding Ltd. The project is estimated to cost US $ 2 billion.
Primier on Thursday on consented to the invitation extended by CEO to inaugurate the first Unit of the project in October 2019.
A delegation of China Power Hub Generation Company (CPHGC) led by Chief Executive Officer, Mr. Zhao Yonggang called on Prime Minister Imran Khan at PM Office Islamabad.
Minister for Energy Mr. Omar Ayub Khan, Minister for Maritime Affairs Syed Ali Haider Zaidi, Chairman Board of Investment Syed Zubair Haider Gilani, Chairman FBR Syed Shabbar Zaidi and other senior officials were also present during the meeting.
CEO CPHGC apprised the Prime Minister about the progress made so far on an important CPEC project for installation of 1320 MW (660×2) power plant in Hub, Balochistan. The project is a joint venture between HUBCO Pakistan and China Power Holding Ltd. The project is estimated to cost US $ 2 billion.
The Prime Minister was apprised that the project’s first state-of-the-art and environment friendly unit has successfully been synchronized with the National Grid. Mr. Zhao informed that all tests required for commissioning of the first unit were completed on 14th August, 2019 which was a special gift to the people of Pakistan on Independence Day.
Prime Minister Imran Khan appreciated Chinese support in important projects contributing to economic stability of Pakistan.
CEO CPHGC acknowledged the facilitation provided by the present Government that led to timely commissioning of the project including the role of Ministries of Energy, Maritime Affairs, Defence, FBR and BOI.
The Prime Minister also encouraged CPHGC to set up waste-to-energy power plant in the country. The Prime Minister said that the new energy policy of the Government focuses on promoting alternate and renewable sources of energy. The Prime Minister reiterated commitment of the Government to provide every possible facilitation to the investors in undertaking profitable business ventures in Pakistan.