China, Pakistan sign financing agreement on coal power project
Source: www.chinamining.org Citation: Xinhua Date: December 22, 2015
China and Pakistan on Monday signed a financing agreement on a coal power project located in the Thar Coalfield in Pakistan`s Sindh province.
The project will cost in excess of 2 billion U.S. dollars, including the exploitation of a 3.8-million-tonne coal mine and the construction of a 660,000-kilowatt power station near the mine.
China will contribute 800 million U.S. dollars to the financing, while the Pakistani partners will provide 500 million U.S. dollars, mainly through China Development Bank and Habib Bank.
The project is expected to be completed by the end of 2017, and it will be the first such project in the China-Pakistan Economic Corridor.
The corridor will be a 3,000-km network of roads, railways and energy infrastructure, between the ports of Gwadar in Pakistan and Kashgar in Xinjiang. It was established to help lift Pakistan out of its economic slumber and boost growth for the Chinese border economy.
About CHINA MINING
Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
CHINA MINING Congress and Expo 2016 will be held at Meijiang Convention and Exhibition Center in Tianjin on September 22nd -25th, 2016. We invite you to join the event and to celebrate the 18th anniversary of CHINA MINING with us. For more information about CHINA MINING 2016, please visit: m.balanzskin.com.
