Chinese officials have pledged full support for Pakistan regarding Panda Bonds, further strengthening bilateral cooperation.
ISLAMABAD: China has approved the conversion of three coal-fired power plants in Pakistan from using imported coal to local coal, a move designed to lower energy costs.
Sources revealed that Finance Minister Muhammad Aurangzeb and Energy Minister Owais Leghari, currently on a visit to China, played key roles in securing the agreement.
The affected plants are the 1,320 MW Sahiwal Coal Power Plant, the 1,320 MW Hub Power Plant, and the 1,320 MW Port Qasim Power Plant, all of which are known for generating some of Pakistan’s most costly electricity.
The Chinese delegation has positively responded to the re-profiling of these power plants, confirming the shift to local coal. Both countries have also outlined the necessary steps to advance this conversion process.
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Moreover, Chinese officials have pledged full support for Pakistan regarding Panda Bonds, further strengthening bilateral cooperation. Ongoing meetings between Pakistani and Chinese officials will continue to focus on the conversion and re-profiling of the power plants
