China invests $ 115m to develop wind energy in Pakistan

[Dubious]

China is helping Pakistan build a wind power plant near its southern port city of Karachi with a total investment of $115 million, according to HydroChina Investment Corporation which invested in the plant.

The Dawood wind power plant, located some 60 kilometers east of Karachi, is expected to generate 130 million kilowatt-hours of electricity per year, meeting the need of about 100,000 families in the local area.

Jiang Li, secretary of the corporation, told People’s Daily that the plant’s capacity is 49.5 MW. Its construction started in April of this year and is expected to be completed in June 2016 and start to generate power three months later.

According to Yang Zhiyao, Manager of the Dawood Power Plant Project, the plant could be operated for 20 years after its completion. He said all the investment would be recouped after eight years of operation.

Yang added that wind power plants usually could be built very fast and thus they were very effective in relieving the shortage of power in local areas. A Pakistan wind farm built and funded by the China Three Gorges Corporation is generating more than one-million kilowatt-hours of electricity everyday.

The project is operating for more than 20 hours a day, a spokesperson for the Chinese state-owned renewable energy giant said. Since it went into operation in November, the facility has generated around 93-million kilowatt-hours, he added.

With an installed capacity of 49.5 megawatts, this is the first China-backed wind farm in Pakistan. It is an example of the work the two countries are doing to build the China-Pakistan Economic Corridor, part of the broader belt and road regional trade and infrastructure network.

According to another Chinese media report, Pakistan and China have signed many deals to help lift Pakistan out of its economic slumber and boost growth for the Chinese economy.

China and Pakistan have signed many deals to lift Pakistan out of its economic slumber and boost growth for the Chinese economy. Besides funding dams to increase hydro power generation, it has already committed to build two 1100 mw nuclear power reactors in Karachi with USD 6.5 billion assistance.

China earlier assisted Pakistan in building four nuclear power plants, two with 300 MW capacity and two others of 320 MW capacity. China is also building 900 MW solar power project in Bahawalpur in Punjab on a 500 acre land. The projects were all stated to be part of USD 46 billion China-Pak corridor finalised during Chinese President Xi Jinping’s visit to Pakistan in April this year.



China invests $ 115m to develop wind energy in Pakistan | Pakistan Today


My question is if we China is investing in every energy sector....Why on earth did we take soo many loans? USAID and many others where the loans were for energy sector?

Norway deal and all that...what happened?

 

[Dubious]

Where did these projects go?


Pakistan to take lead in wind energy

Spain ready to develop renewable energy, road networks in Pakistan

USAID gives top priority to develop energy sector in Pakistan

 

[vitalsign]

I hope this money don't get into our politicians hands.

 

[zohaib44]

 

[WishLivePak]

Where did these projects go?


Pakistan to take lead in wind energy

Spain ready to develop renewable energy, road networks in Pakistan

USAID gives top priority to develop energy sector in Pakistan

lol

How about you open links and see the dates. One is in 2012, then one in 2011. There has been a change in govt and last govt did not do anything really. The middle link, "Spain is 'ready' to cooperate." There was no agreement. Sometimes agreements are reached but due to some reason they don't materialize. Perhaps govt find cheaper alternatives, or previous was corruption ridden, or they want to have a little corruption with new one or the previous company has found more lucrative customer. Many reason, many many things can happen in 4 years.

Now why take loans when China is investing?

First of all lady, China isn't giving free money. They'll take the profits for decades to come. This is what makes loans cheaper. They're harder to get, but Pakistan will take the profits fully.

Second of all, $115m isn't going to fix Pakistan energy crisis. It needs tens of billions of dollars of loans/investment to get out of darkness. Even if we build a $14b dam, it'll only generate 3500mw of power.

Thirdly, $115 solar/wing energy generates far less electricity than coal power generators, because they have far higher upfront costs.

Finally, Wikipedia is great place to get educated before "whatever PML does is bad."

And yes, there exists corruption when loans are taken. But corruption equally exists when there are investments.

 

[Hyde]

Where did these projects go?


Pakistan to take lead in wind energy

Spain ready to develop renewable energy, road networks in Pakistan

USAID gives top priority to develop energy sector in Pakistan

Pakistan's energy demands are too high. It needs somewhere between 30 to 50 billion dollars of investment to rise back on its feet. So answer to your question in the first post is that such projects from China are contributing significantly for the ultimate goal of getting rid of load shedding but it's not doing enough to eliminate this menace by few bilateral projects between both nations

 

[AZADPAKISTAN2009]

 

[dlclong]

 

[Thunder Bolt]

Part of China–Pakistan Economic Corridor hope so it get to end well

 

[ZAC1]

so when will we see the output of this project

 

[Dubious]

so when will we see the output of this project

As long as Chinese are working on it and are serious, in our lifetime

One is in 2012, then one in 2011.

I did...But I have no idea where the money went coz we still need power and there is no improvement in the power grid since 2011 and 2012...So back to my question child....What happened to those projects / money/ promises?

. There has been a change in govt and last govt did not do anything really. The middle link, "Spain is 'ready' to cooperate." There was no agreement. Sometimes agreements are reached but due to some reason they don't materialize. Perhaps govt find cheaper alternatives, or previous was corruption ridden, or they want to have a little corruption with new one or the previous company has found more lucrative customer. Many reason, many many things can happen in 4 years.

Yet Noon family forgave Zardari?

THIS I cant forgive myself!

First of all lady, China isn't giving free money. They'll take the profits for decades to come. This is what makes loans cheaper. They're harder to get, but Pakistan will take the profits fully.

Contradicting yourself again?

Second of all, $115m isn't going to fix Pakistan energy crisis. It needs tens of billions of dollars of loans/investment to get out of darkness. Even if we build a $14b dam, it'll only generate 3500mw of power.

True...Hence my question again....Where are all those loans we took at the start of Noon tenure?

Thirdly, $115 solar/wing energy generates far less electricity than coal power generators, because they have far higher upfront costs.

True but its not the 1st wind farm

Finally, Wikipedia is great place to get educated before "whatever PML does is bad."

I didnt quote wiki so why is this in your mind...I have no idea!

And yes, there exists corruption when loans are taken. But corruption equally exists when there are investments.

My very point which people would bash me if I wrote it as it is!

 

[VCheng]

China produces about a third of the total power generated from wind in the world:

 

[Shotgunner51]

Good going, let's build a diversified portfolio of power generation in Pakistan to include clean/renewable sources!

 

[Rasengan]

My question is if we China is investing in every energy sector....Why on earth did we take soo many loans? USAID and many others where the loans were for energy sector?

Norway deal and all that...what happened?

The Norway deal in my opinion was full of baloney, however this seems more legitimate because Chinese companies do have an appetite to invest in Pakistan especially solar and wind power companies since the market is saturated and competitive in China. You have to remember every province in China has its own power companies which are prone to protect local interests unless that specific project is in the national interests to complete like the three gorges dam on the Yangtze river. Personally we don't need USAID and its mostly rhetorical in nature deceiving the masses with the slogan that America is a benevolent strategic ally for Pakistan. This investment in CPEC is just the start because AIIB will play a significant role in the future, because remember there are four distinct phases which need continuous invest in energy for the industrial zones that will become manufacturing hubs. If the policymakers of Pakistan were smart then they should attract JICA and Japanese companies to invest and create competition in the market.