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Pakistan invites Chinese firms to invest in renewable energy sector

  • Chinese delegation interested in energy projects, especially wind corridor in Thatta
Published June 30, 2022

Prime Minister Shehbaz Sharif on Thursday invited Chinese companies to invest in the country’s renewable energy sector, especially in solar power.

The PM expressed these views while talking to a delegation of Chinese state-owned company NORINCO that had called on him in Islamabad, according to a statement.

The delegation was led by vice-president NORINCO International Wang Xiaobing and CEO NORINCO International (Pakistan), Li Chen.

The prime minister also appreciated the company for its role in the Lahore Orange Line Metro Train project, which he said is facilitating hundreds of thousands of commuters in Lahore daily.

He recalled that it was for the first time that open bidding took place in a Government to Government (G2G) project i.e. Lahore Orange Line. He stated that negotiations were held with the lowest bidder, leading to a saving of $600 million, adding that it was a milestone in the development history of Pakistan.

The NORINCO delegation showed keen interest in investing in the wide spectrum of renewable energy projects in Pakistan, especially the wind corridor in Thatta for where a 100 MW wind power project has been proposed.

As per Pakistan’s latest power generation mix, non-renewable energy sources account for over 70% of power generation in the month of May.

The remaining is made up of renewable sources of energy, with hydroelectric power leading the way with 24% of the power generation, whereas wind accounts for 5%, while solar power contributed only 1% to country’s energy needs, with a generation of only 90kWh last month.

NORINCO also highlighted fibre optic along railway lines, copper and iron ore mining at proven reserves, and infrastructure development in big cities as key investment opportunities.

The Prime Minister said Pakistan is open to investment and will facilitate the process. He stated deepening China-Pakistan economic cooperation is critical to Pakistan’s socio-economic uplift, while highlighting the significance of CPEC as transformational project for the mutual benefit and development of both the friendly countries.

Meanwhile, Member of the Politburo of the Central Committee of the Communist Party of China (CPC) and Director of the Central Commission on Foreign Affairs of the CPC Yang Jiechi arrived on a two-day visit to Pakistan on Wednesday.

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samir sardana Jun 30, 2022 09:08pm
As I said on https://www.brecorder.com/news/40170447/load-shedding-challenge-rs329bn-is-needed-power-division on APR 30, 2022 06:42PM "These investors need wind corridors,in hot and humid zones,in high cost power grids,with no humans or agri or plantations." NORINCO IS THE BEST PARTNER FOR THATTA ! NORINCO IS A DEFENSE CONTRACTOR AND WIND TURBINE TECHNOLOGY IS A NATURAL AND LOGICAL EXTENSION FOR THEM NORINCO HAS SALES OF 70 BILLION USD AND IS THE IDEAL PARTNER FOR THE REN SECTOR.ALSO, NORINCO HAS A SUCCESS STORY IN SENJ,IN CROATIA,ON A LARGE WND POWER PROJECT - WHICH IS COMMISSIONED ! THATTA IS BETTER THAN SENJ ! WIND PROJECTS ARE A PERFECT HEDGE FOR THE DEFENSE SALES OF NORINCO WHICH IS ON THE US SANCTIONS BY TRUMP,SINCE 2020 ! ALSO,CHINA HAS NO DEARTH OF RARE EARTHS FOR PERMANENT MAGNETS (WHICH IS ALSO NEEDED IN DEFENSE) NEXT IS TO SET UP A RENEWABLE GRID TO CONSUME THE POWER LOCALLY.dindooohindoo
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samir sardana Jun 30, 2022 10:11pm
And what about N-Power from PRC ? Why is Pakistan waiting ? Is it the Capacity factor on Coal and Gas IPPs Even if Pakistan pays The Capa charges - Pakistan N Power based on Chinese N-Power plants will be viable Is it the Taishan disaster ? Taishan was an EPR - sold by the French and 3 rd Gen Tech Pakistan can use tested CHINESE N REACTORS - which have had a NIL accident/history for decades - which are MUCH cheaper (in terms of capital costs), than the French EPR (with higher operating costs w.r.t the EPR).These Chinese N-Power plants will come on 30 year loans IN YUAN (and not USD) CHINESE N-POWER IS THE QUANTUM LEAP for PAKISTAN ! THE TRANSFORMATION OF PAKISTAN SOCIETY AND ECONOMY = LOW COST POWER,WITH NIL ENERGY SECURITY RISK. N-POWER, IS ONLY NIL RISK ENERGY SECURITY OPTION,WITH CHINESE FUEL RODS AND HEAVY WATER (FOR INITIAL FUEL LOAD) CHINESE REACTORS IN CHINA - MANY ARE NOT UNDER IAEA SAFEGUARDS - SO WHAT IS THE PROBLEM, IF PAKISTAN SETS UP CHINESE N -POWER PLANTS ?
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Kamran Choudhri Jul 01, 2022 05:39am
point of use energy genrations by solar-powered homes commercial and agricultural is key by local manufacturing of solar panels and associated equipment, no imported solutions
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