China, Pakistan discuss energy cooperation

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Zhang Yuqing, director of the National Energy Administration (NEA), met with visiting Pakistani Prime Minister's Special Assistant on Foreign Affairs Syed Tariq Fatemi in Beijing on Feb. 15, 2015.

Both sides held in-depth discussions on energy cooperation including planning and constructing projects on hydro, solar,wind power and coal fired power plants in Pakistan.

Zhang Yuqing and Syed Tariq Fatemi also witnessed the signing of the Financial Agreement between the sponsors of Sachal Wind Power Project in Pakistan and the Industrial & Commercial Bank of China (ICBC).

The project is a part of the 21 energy projects that Pakistani government plans to implement through Chinese investment under the "China-Pakistan Economic Corridor" program. The project had achieved financial closure.

​In his meetings, Tariq Fatemi impressed upon his interlocutors to reach investment decisions at an early date so that the physical work on the projects could be started without delay.

The Chinese side conveyed their readiness to speedily implement the energy infrastructure projects to alleviate the acute shortage of electricity currently experienced in Pakistan.

​Syed Tariq Fatemi, a member of the Cabinet Committee on Energy, is in Beijing, leading an energy delegation from Pakistan. Paksitani Ministry of Water and Power Mohammad Younas Dagha is also in the delegation.

The China-Pakistan Economic Corridor was proposed in an agreement reached during Chinese PremierLi Keqiang's visit to Pakistan in May 2013. It is planned to connect Kashgar in China's Xinjiang Uygur Autonomous Region with the Gwadar Port.

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