China doesn't own Pakistan, so they need not to take all responsibility of solving our problems. But to say China has no self interest in projects and back out where they don't find much profits for themselves isn't a bright move.
US supported Pakistan despite us supporting the "good Taliban." These very people would take shelter in Pakistan and attack US, Afghanistan and India. So lets change the words around, "If US does not see profits to be returned, it still gives aid/help with projects. Meanwhile, China, Pakistan's closest ally backs out on projects because it doesn't see proftits to be made." This brings it to a point, US is a deeper than deepest ocean and blah blah for Pakistan. It gives her aid, military stuff and so forth and in the end, we're fighting a common enemy. They found Osama in Pakistan, yet they continue to support us. US can simply withdraw and leave us in ruins, no more aid, development fund and whatnot, but it gives free lunch (albeit with conditions, such as eliminating good Taliban too, even though at times Pakistan refused).
Finally, we've so many projects that if we have open bidding will we get some actual stuff happening. Do you remember the cheap train engines we bought from China in PPP? They were useless engines. So we're doing China a favor and China isn't doing us any favor. We give them real money. If India sold us such engines, we'd have taken them to international court for damages.
There was money to be made. Before China actually agreed to project, Nawaz already inaugurated the project (some ceremony). The deal's condition were also not made public. This whole project was in a rush and the gov't pleased China (concessions), itself (kickbacks) and hoped that electricity problem will be solved too. Everyone is happy in the end. But it didn't work out in the end.
Um, why don't you read the article again? It clearly states that Pakistan wanted to pursue this project and even gave concessions to China (guarantees and letting them change from DC to AC). Certainly Pakistan found this project "financially viable" but Chinese investors didn't. They were worried they wouldn't get the electricity sales. Now Pakistan have to spend more money redesigning the
entire project.
This project took 2 years of time and was meant to come online in 2017. Don't ignore the fact that because this project won't be coming online sooner, Pakistan will continue to face load shedding problem and it'll harm our industries. The amount of productivity of 5000w in a given year or two can easily run into billions of rupees.
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The committee was told that memorandums of understanding were also signed with China under China-Pakistan Economic Corridor Project for 10 Gadani Power Projects, but later Beijing scaled down its priority over financial and technical apprehensions. For example, the Chinese had concerns over payment issues against electricity sales after the completion of projects and suggested AC, instead of DC, circuit transmission line.
The parliamentary panel was informed
Pakistan had even agreed to set up a revolving fund to facilitate direct payments to power producers against electricity sales and was ready to set up AC circuit transmission line, but China reduced the number of projects to four from 10.
As a consequence, Pakistan had to redesign the entire project because transmission line and port facilities also needed to be in consonance with 2,600MW, instead of 6,600MW, but the Chinese side reduced Gwadar Power Park on its priority order."
For your edit, take a closer look. It isn't just Indians that say China is looking out for its self interest. It isn't "almost," it's quite more than that. Even 2jungibaaz agreed
