February 25, 2014

China has decided to invest $35 billion in Pakistan’s power sector over five years to help it overcome its energy crisis.

This investment in solar, wind and hydel plants will be in addition to projects already initiated by the Pakistan government.

Earlier, China agreed to provide a $6.5-billion soft loan for two nuclear power plants in Karachi, which are meant to help energy-starved Pakistan in overcoming a critical electricity shortage. The project is underway.

It is believed that projects of national importance like the Karachi-Lahore Motorway, 10 coal-based power projects and the upgrade of the Raikot-Haripur section of Karakoram Highway would be executed with Chinese assistance.