• Saturday, April 27, 2024

Business

China to build £1.2 billion power line across Pakistan

Nawaz Sharif speaks at the inauguration of the Chashma nuclear power plant

By: Eastern Eye Staff

China’s State Grid Corporation is set to build a $1.5-billion (£1.22bn) power line across Pakistan to enable the transmission of 4,000 megawatts of electricity from the country’s north to south, the government said on Friday (December 30). Pakistani and Chinese officials signed an investment agreement in Beijing the previous day to build the country’s first high-voltage, direct current (HVDC) line, according to a government statement. It was inked by Mohammad Younus Dagha, Pakistan’s secretary of water and power, and Shu Yinbiao, chairman of State Grid Corporation of China. The high-capacity transmission line will be a key component in transmission infrastructure,…

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