Islamabad, 10 March 2023 (TDI): The Belt and Road Initiative (BRI), which is being proposed by China, will celebrate its tenth anniversary this year, as will the China-Pakistan Economic Corridor (CPEC).
Since it first entered the Pakistani market in 1987, POWERCHINA, one of the major companies involved in the building of the CPEC, has been active in a number of sectors including energy, electricity, water management, and infrastructure investment.
Over the past 36 years, POWERCHINA has finished 103 projects in Pakistan, including the largest wind farm, the Tricon Boston 150 MW Wind Power Project.
The Belt and Road Initiative (BRI) will celebrate its tenth anniversary this year, as will the China-Pakistan Economic Corridor (CPEC).
Other projects include the largest installed hydropower station, the Tarbela 4th and 5th Extension Hydropower Project, and the first roller-compacted concrete (RCC) dam in Pakistan, the Gomal Zam Dam Multipurpose Project.
POWERCHINA has taken part in the investment and development of 11 of the first 20 energy and infrastructure projects of the CPEC during the past ten years.
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It has consolidated the conventional power industry while continuing to advance other industries and innovative energy research.
The Diamer Basha Dam Project, Pakistan’s largest hydropower hub project now being built by POWERCHINA, will grow to be the tallest and largest RCC dam in the world and supply Pakistan with 18.1 billion KWh of clean electricity annually.
Nadeem Ilyas, a Pakistani Project Engineer, believes that one of the project’s many beneficial outcomes will be the creation of more than 20,000 new job possibilities as it moves forward.
POWERCHINA, one of the top businesses in China, has built and operated renewable energy projects of the highest caliber in compliance with international standards and is dedicated to enhancing Pakistan’s infrastructure and reducing local power shortages.
It has made significant contributions to Pakistan’s sustainable development in addition to being instrumental in the creation of CPEC.