5 CPEC Power Projects will be given Extension:

Islamabad: 5 Major CPEC projects will be given an extension this month 

This Monday the Pak-China Relationships Steering Committee directed that the finalizing of a plan or policy framework needs to be put in place for the purpose of extensions in the commercial operation dates. 

There are around 5 power projects accounting for about 3,600 megawatts being set up under the China-Pakistan Economic Corridor. 

The meeting was presided over by Minister of planning Asad Umar who also directed the power division to notify the availability of sufficient power for operation of the 1st September 660kV transmission line from Matiari to Lahore. 

The same committee called on the National Electric Power Regulatory Authority to clarify the Tariffs during the testing stage of the project. 

Lately, a number of projects under the CPEC are facing delays owing to the current covid situation as well as the surplus generation capacity. 

The Multi-billion-dollar company has not been able to maintain the momentum that it had for the past three years for delivering power plants and other infrastructural projects. The first phase of the CPEC implementation has delivered major projects. 

The meeting also discussed the current ongoing projects and what prospects and challenges will be faced by the investors. The second meeting of the recently devised steering committee was mostly represented by members of the federal secretaries, Military and intelligence authorities as well as the CPEC Chairman. 

The meeting also addressed the 884MW Sukki Kinari Hydropower and the Karot Hydropower project. The meeting ordered the relevant authorities to prioritize the operational issues of this particular project. 

The meeting highlighted that a generalized extension policy framework should be devised instead of case-to-case COD’s so that any form of discretion will be avoided. 

5 major projects will be given an extension under this policy so far. More projects may receive an extension depending on the relevant operational issues they face.

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