Karachi: Prime Minister Shahid Khaqan Abbasi along with Qatari royal Sheikh Jassim bin Hamad bin Jassim bin Jaber Al-Thani inaugurated first Unit of 660 megawatt of coal based power plant jointly developed by Power China Resources Ltd and Al Mirqab Capital (AMC) of Qatar at Port Qasim Karachi. Addressing the ceremony, Prime Minister Shahid Khaqan Abbasi said that the completion of Unit One is a milestone and a symbol of Pakistan China friendship. The power plant project at Port Qasim was laid in 2015 and it is the first to be completed under China-Pakistan Economic Corridor (CPEC).
Chinese Ambassador Yao Jing said it was heartening to note that the CPEC entered into an operational phase, he also praised involvement of foreign investments in the project, saying that these investments are a proof of CEPC’s policy of connectivity and development. Thanking Qatari for the help in project, he said that “ Project is an example of the early harvest of win-win cooperation between Pakistan and China”.
Prime Minister Shahid Khaqan Abbasi said that the country had become surplus in energy in a short period of four years starting from 2013 when the nation used to face up to 16 hours of load shedding a day. The specialty of the project is that no human loss took place during the work and it will generate the cheapest electricity per unit. Over 4000 Pakistani engineer and workers had been employed in the project while indirect jobs had also been created.
The Prime Minister said that the plant has been completed at a cost of 2 billion dollars in the record of time of 30 months and the second unit of the plant will also be completed early and will be functional in the February next year. Chairman of Power China Resources Limited Mr. Yan Xhiyong on the occasion said that the grand CPEC project will certainly play a positive role in advancing economic and social progress in Pakistan and in the region.