CHINA TO SET UP LARGE STEEL FACTORY AT GWADAR

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steel works, crane with stove busket

ISLAMABAD: Acting Chinese Ambassador to Pakistan, Zhao Lijian Monday said that his country would set up a large steel factory at Gwadar to further expedite economic developments being carried out under China-Pakistan Economic Corridor (CPEC) framework.

“Both China and Pakistan would very soon sign an agreement to establish the steel factory, three times bigger than the free economic zone being set up in Gwadar city,” he made this announcement while addressing participants of a day-long conference on CPEC: Potential and Prospects organized by Strategic Vision Institute (SVI) here.

He said, industrial cooperation was the fourth pillar of CPEC initiative and both the country would discuss it in the next meeting of Joint Cooperation Committee (JCC) of CPEC to be held in Beijing this month.

“After completion of energy projects, transport infrastructure and development of Gwadar Port, industrial cooperation between China and Pakistan will be the main topic at the next JCC,” he added.

Zhao Lijian informed that China was working a lot for the development of Gwadar Port which was built with the Chinese government’s assistance.

He said, after completion, the port was handed over to Singapore but there was no improvement even after passage of five years.

Finally, it was given to the Chinese government by Pakistan government and the port was made functional and a ship carrying Chinese goods left for Africa.

He said, a business centre, hostel for different companies, fisheries processing plant with cold storage facility had been established in the free economic zone spread over around nine kilometers.

About Gwadar airport up-gradation, he said, the new international airport would have landing facility for all the modern aircraft including A-380 Airbus after completion, adding, prior to the up-gradation only C-130 or propeller-planes could land at the old airport.

The Acting Chinese Ambassador said, a 150-bed hospital was being built for the treatment of local people while a vocational institute had been set up for imparting training of different skills especially for the fishermen.

Talking about different energy project being completed under CPEC initiative in different parts of Pakistan, he particularly mentioned about the coal-based power plants which were being built in accordance with environmental standard set by the World Bank (WB) and other concerned international organizations.

He said, China produces around 60 percent of its total power generation through coal based power stations using modern and state-of-the-art technology.

“The environmental concerns will be taken into consideration during the completion of these power stations,” he added.

Zhao Lijian pointed out hydro power plant, coal based power plants, wind power plants and solar based power plants were being set up to meet the electricity shortage in Pakistan.

He informed that the Karot Power Plant was being financed by the Silk Bank established by the Chinese government.

The groundbreaking of Suki Kinari, Kohala Hydro Power Project would be held early next year, he said and added, Sahiwal Power Plant and Port Qasim Power Plant would be completed by next June and December respectively.

He said, a power plant set up at Thar coal site would also be inaugurated in next June.

He said, HUBCO power plant, one of the biggest coal-based power plant, would provide constant and stable power supply throughout the year.

Copyright APP (Associated Press of Pakistan), 2016