Planning Minister Makhdoom Khusro Bakhtiyar has vowed to take China-Pakistan Economic Corridor to new heights in coming days.
Addressing a news conference in Islamabad on Sunday, he dispelled the impression that CPEC projects have hit a snag as all projects under the corridor are intact and streamlined. He said in energy sector, projects of about 4,300 megawatt are under construction and of 2,500 megwatt are under planning.
The Minister said that the concessional agreement of 2016 was taken due to which 19 Chinese Companies are ready to invest in Gwadar.
He said a project of 300 megwatt of electricity has been completed in Gwadar, while grid connectivity is being ensured there to provide uninterrupted power supply.
He said the Prime Minister inaugurated Gwadar airport in March this year and we have also finalized the Gwadar Master Plan with the Balochistan Government.
Regarding energy requirement in Pakistan Khusro Bakhtiyar said efforts are being made for affordable electricity to strengthen economy.
He said we will negotiate with China on affordable electricity, including the proposal of constructing Bunji Dam with a capacity of 7,000 megawatts of electricity.