PowerChina plans to grow presence in B&R economies
The China-backed Port Qasim coal-fired power plant in Pakistan is providing sufficient electricity supply for the country while optimizing its energy structure, which had previously depended on oil and gas, according to Power Construction Corp of China, also known as Power-China.
The plant had generated more than 3 terawatt hours of electricity as of June 25 since its inauguration at the end of last year. It will generate 9 tWh of electricity annually after its second unit starts operation in February, said PowerChina, the project's investor, constructor and operator.
"The power plant, a milestone for Pakistan-China friendship, will provide cheap electricity to Pakistan to benefit local people," said Cai Bin, CEO of Port Qasim Electric Power Co, a subsidiary of PowerChina.
