By Shannon Tiezzi
Energy projects tied to the China - Pakistan Economic Corridor are supposed to double Pakistan’s energy capacity.
China and Pakistan held a ceremony beginning construction for the planned Karot hydropower plant on January 10, marking the start of one more energy project on the China-Pakistan Economic Corridor. The $1.65 billion hydropower plant, spearheaded by China’s Three Gorges Corporation, was the first project to receive funding from China’s Silk Road Fund. Upon completion (scheduled for 2020), the Karot plant will provide 720 MW of energy harnessed from the Jhelum River.
The Karot plant is part of the broader China-Pakistan Economic Corridor, or CPEC, which itself is part of China’s “Belt and Road” initiative to link China with Europe (and all the regions in between). Though the CPEC is often understood solely in terms of transportation infrastructure – developing the Chinese-controlled port at Gwadar and linking it to China via rail and road – that’s not the only aspect of the project. Under the“1+4” cooperation framework unveiled during Chinese President Xi Jinping’s April 2015 visit to Pakistan, the CPEC is the “1,” with the “4” representing key areas of the larger strategy. Energy is one of those four areas, along with Gwadar Port, transport infrastructure, and industrial cooperation. In fact, China and Pakistan officially broke ground on five new energy projects, all of them considered part of the CPEC, during Xi’s visit to Pakistan last year.
Along with the Karot hydropower project, the CPEC also includes Chinese construction of the world’s largest solar plant in Punjab Province. The first section began providing electricity in August 2015; the second portion is currently under construction by Chinese firm Zonergy. When completed by the end of this year, the entire solar plant is expected to produce up to 1,000 MW of power.
Read the full story at The Diplomat