China to invest $50b to develop Indus River Cascade

[Muhammad Omar]

ISLAMABAD: In a major development that may attract $50 billion Chinese investment to Pakistan, Islamabad is expected to sign an MoU with Beijing on Saturday (today) for financing and developing the North Indus River Cascade which has the potential to generate 40,000MW hydro electricity.

The $50 billion investment comes on top of the $46 billion investment being provided by the Chinese government and Chinese banks for financing power and road infrastructure projects in Pakistan under the China-Pakistan Economic Corridor (CPEC).

With the signing of the MoU – which will be witnessed by Prime Minister Nawaz Sharif who is on an official visit to China – Beijing will emerge as the biggest financier of infrastructure projects in Pakistan.

According to the studies conducted by the Water and Power Development Authority (Wapda), Pakistan has an identified potential of producing up to 60,000MW of hydroelectric power.

Some 40,000MW of this potential power is located in the region called the Indus River Cascade, which begins from Skardu in Gilgit-Baltistan and runs through Khyber-Pakhtunkhwa as far as Tarbela, the site of Pakistan’s biggest dam in.

The Indus River Cascade includes Diamer-Bhasha Dam project for which Pakistan needs $15 billion financing. Other multilateral donors were not willing to invest on this project but now China has come up to finance this mega project.
Sources said the Chinese side conducted survey and studies on the North Indus Cascade including the sites of Pattan, Thacoat, Bunji, Dasau and Diamer in February 2017.

The Chinese side in their last high-level meeting agreed to convert the survey and initial study to an MoU whereby the Chinese will conduct a detailed study spanning over a period of three months on a developing roadmap for financing that will lead to initiation and completion of these mega projects.

Sources said this will be Pakistan’s first-ever private sector investment in mega projects in hydel resources as until now only Wapda led such projects. The most important development could be the Chinese undertaking of these projects as it has a vast experience for building such huge dams.

According to the sources, the CPEC and the North Indus River Cascade can be the biggest-ever Chinese investment in Pakistan.

In 2015, the owner of the world’s largest hydroelectric dam, China Three Gorges (CTG) Corporation, had expressed willingness to participate in a financing consortium to fund up to $50 billion of hydroelectric power projects in Pakistan.

The Chinese government-owned CTG expressed an interest in financing projects in Pakistan in conjunction with the International Finance Corporation, a World Bank subsidiary.

The CTG owns and operates the Three Gorges Dam, the world’s largest hydroelectric power plant with a capacity of 22,500MW, nearly matching in one power plant the entire installed capacity of the Pakistani grid of 23,500MW

 

[ashok321]

China to invest $50 bn in Pak hydro power project

ISLAMABAD: Pakistan and China are expected to sign an MoU for developing the North Indus River Cascade with investment of $50 billion to generate up to 40,000 MW hydro electricity.

The memorandum of understanding is likely to be signed in Beijing today during the visit of Prime Minister Nawaz Sharif to China, according to The Express Tribune newspaper.

"The $50 billion investment comes on top of the $46 billion investment being provided by the Chinese government and Chinese banks for financing power and road infrastructure projects in Pakistan under the China-Pakistan Economic Corridor (CPEC)," the paper reported.

With the signing of the MoU - which will be witnessed by Prime Minister Sharif - Beijing will emerge as the biggest financier of infrastructure projects in Pakistan.

According to the studies conducted by the Water and Power Development Authority (Wapda), Pakistan has an identified potential of producing up to 60,000MW of hydroelectric power.

Some 40,000MW of this potential power is located in the region called the Indus River Cascade, which begins from Skardu in Gilgit-Baltistan and runs through Khyber-Pakhtunkhwa as far as Tarbela, the site of Pakistan's biggest dam.

The Indus River Cascade includes Diamer-Bhasha Dam project for which Pakistan needs $15 billion financing.

Other multilateral donors were not willing to invest on this project but now China has come up to finance this mega project.

Sources said the Chinese side conducted survey and studies on the North Indus Cascade including the sites of Pattan, Thacoat, Bunji, Dasau and Diamer in February 2017.

The Chinese side in their last high-level meeting agreed to convert the survey and initial study to an MoU whereby the Chinese will conduct a detailed study spanning over a period of three months on a developing roadmap for financing that will lead to initiation and completion of these mega projects.

Sources said this will be Pakistan's first-ever private sector investment in mega projects in hydel resources as until now only Wapda led such projects.

The most important development could be the Chinese undertaking of these projects as it has a vast experience for building such huge dams.

According to the sources, the CPEC and the North Indus River Cascade can be the biggest-ever Chinese investment in Pakistan.

In 2015, the owner of the world's largest hydroelectric dam, China Three Gorges (CTG) Corporation, had expressed willingness to participate in a financing consortium to fund up to $50 billion of hydroelectric power projects in Pakistan.

The Chinese government-owned CTG expressed an interest in financing projects in Pakistan in conjunction with the International Finance Corporation, a World Bank subsidiary.

The CTG owns and operates the Three Gorges Dam, the world's largest hydroelectric power plant with a capacity of 22,500MW, nearly matching in one power plant the entire installed capacity of the Pakistani grid of 23,500MW.

The mega undertaking may create further tension between Pakistan and India as the investment would be made in Gilgit- Baltistan region which is part of Azad Kashmir.

 

[ashok321]

So thats over 100 billion $ for Pakistan!

 

[Theparadox]

Well its do or die situation for pakistan anyway, its better to choose China after WB, ADB refused them or die by lack of water. How much time could these projects take, i guessing 5-10 yrs. Interest rate or any more details?

 

[Areesh]

ISLAMABAD: In a major development that may attract $50 billion Chinese investment to Pakistan, Islamabad is expected to sign an MoU with Beijing on Saturday (today) for financing and developing the North Indus River Cascade which has the potential to generate 40,000MW hydro electricity.

he $50 billion investment comes on top of the $46 billion investment being provided by the Chinese government and Chinese banks for financing power and road infrastructure projects in Pakistan under the China-Pakistan Economic Corridor (CPEC). With the signing of the MoU – which will be witnessed by Prime Minister Nawaz Sharif who is on an official visit to China – Beijing will emerge as the biggest financier of infrastructure projects in Pakistan.

According to the studies conducted by the Water and Power Development Authority (Wapda), Pakistan has an identified potential of producing up to 60,000MW of hydroelectric power.

Some 40,000MW of this potential power is located in the region called the Indus River Cascade, which begins from Skardu in Gilgit-Baltistan and runs through Khyber-Pakhtunkhwa as far as Tarbela, the site of Pakistan’s biggest dam in.

The Indus River Cascade includes Diamer-Bhasha Dam project for which Pakistan needs $15 billion financing. Other multilateral donors were not willing to invest on this project but now China has come up to finance this mega project.

Sources said the Chinese side conducted survey and studies on the North Indus Cascade including the sites of Pattan, Thacoat, Bunji, Dasau and Diamer in February 2017.

The Chinese side in their last high-level meeting agreed to convert the survey and initial study to an MoU whereby the Chinese will conduct a detailed study spanning over a period of three months on a developing roadmap for financing that will lead to initiation and completion of these mega projects.

Sources said this will be Pakistan’s first-ever private sector investment in mega projects in hydel resources as until now only Wapda led such projects. The most important development could be the Chinese undertaking of these projects as it has a vast experience for building such huge dams.

According to the sources, the CPEC and the North Indus River Cascade can be the biggest-ever Chinese investment in Pakistan.

In 2015, the owner of the world’s largest hydroelectric dam, China Three Gorges (CTG) Corporation, had expressed willingness to participate in a financing consortium to fund up to $50 billion of hydroelectric power projects in Pakistan.

The Chinese government-owned CTG expressed an interest in financing projects in Pakistan in conjunction with the International Finance Corporation, a World Bank subsidiary.

The CTG owns and operates the Three Gorges Dam, the world’s largest hydroelectric power plant with a capacity of 22,500MW, nearly matching in one power plant the entire installed capacity of the Pakistani grid of 23,500MW.

https://tribune.com.pk/story/1408444/mega-deal-china-invest-50b-develop-indus-river-cascade/

 

[AZADPAKISTAN2009]

<There is another active thread on same topic>

https://defence.pk/pdf/threads/mega...ndus-river-cascade.495430/page-2#post-9477363

 

[That Guy]

It pretty much matches what I've been saying, and is on the path of crossing $150 billion dollars by 2020/21

 

[cloud4000]

It pretty much matches what I've been saying, and is on the path of crossing $150 billion dollars by 2020/21

It will probably be more. It will be interesting to see what the follow-up investments are going to be, in which industries. I also expect more FDI from non-Chinese sources too.

 

[That Guy]

It will probably be more. It will be interesting to see what the follow-up investments are going to be, in which industries. I also expect more FDI from non-Chinese sources too.

Once Pakistan enters the Emerging Economies market index, FDI from non-Chinese sources are likely going to increase dramatically.

On a side note: People worry about loans and loan repayment, but as long as you have a good economic plan, loans aren't that big of a deal to handle.

Also, China is planning on expanding a number of its corporations into Pakistan (Bank of China just opened a branch in Karachi, with plans to expand to other cities), and moving a bunch of cheap labor industries to Pakistan, as China itself moves towards higher end manufacturing, and a market consumption economy (away from its current export based economy).

 

[DJ_Viper]

China to invest $50 bn in Pak hydro power project
.

This was long due. The Chinese have guaranteed the water coming to Pakistan through Indus and they have already made plans to cut the Indus water all together before it even gets into India, and tunnel that to Pakistan by passing India. I wrote about this subject a long time ago. Now its becoming a reality.

Well its do or die situation for pakistan anyway, its better to choose China after WB, ADB refused them or die by lack of water. How much time could these projects take, i guessing 5-10 yrs. Interest rate or any more details?

cutting water off won't help if that's what India ever decided to do. The Chinese will cut it off from India and will tunnel the water into Pakistan. There is a reason why this massive investment is ONLY being done around the Indus as the Chinese have total control over it, not India. It comes from China.

Second, if it ever got to a point where anyone decided to cut off water for a nuke power. God help this region. These macho-man statements only look good on paper and on tv for a few weeks or months. Then they die down when the fools hearing them, again decides to vote for the same idiots making these "cutting water off" statements!

 

[mikaal hassan]

This was long due. The Chinese have guaranteed the water coming to Pakistan through Indus and they have already made plans to cut the Indus water all together before it even gets into India, and tunnel that to Pakistan by passing India. I wrote about this subject a long time ago. Now its becoming a reality.



cutting water off won't help on India. The Chinese will cut it off from India and will tunnel the water into Pakistan. There is a reason why this massive investment is ONLY being done around the Indus as the Chinese have total control over it, not India. It comes from China.

Second, if it ever got to a point where anyone decided to cut off water for a nuke power. God help this region. These macho-man statements only look good on paper and on tv for a few weeks or months. Then they die down when the fools hearing them, again decides to vote for the same idiots making these "cutting water off" statements!

can you please repost what you wrote about this subject will be grateful

 

[graphican]

CPEC is already 56 Billion dollars worth. Additional 50 Billions would make it 106 Biillon Dollars.

 

[AZADPAKISTAN2009]

Great gestures by Chinese brothers
Hopefully this will start a new era of prosperity

And solve many issues related to water

 

[That Guy]

This was long due. The Chinese have guaranteed the water coming to Pakistan through Indus and they have already made plans to cut the Indus water all together before it even gets into India, and tunnel that to Pakistan by passing India. I wrote about this subject a long time ago. Now its becoming a reality.



cutting water off won't help on India. The Chinese will cut it off from India and will tunnel the water into Pakistan. There is a reason why this massive investment is ONLY being done around the Indus as the Chinese have total control over it, not India. It comes from China.

Second, if it ever got to a point where anyone decided to cut off water for a nuke power. God help this region. These macho-man statements only look good on paper and on tv for a few weeks or months. Then they die down when the fools hearing them, again decides to vote for the same idiots making these "cutting water off" statements!

No one is cutting anyone off, nor is India being bypassed.

This deal is for helping Pakistan's energy woes, decrease flooding, and to help increase Pakistan's water reservoirs

 

[mikaal hassan]

this project needs to cross at least 200$ billion dollars at least in next 3 to 5 years but next major investment need to be in manufacturing sector ...without that its not going to give us a big boost and not just in construction sector. last 4 years we have seen crazy investment in construction sector it needs to be pushed in other sectors too the more we delay the more it will create a unbalance economy like what we have got in UK
examples to diversify the investments in my view are
we need another new port just for building ships ...
no more imported busses or cars ...build them at home specially busses and not just diesel ones time to just go for fuel efficient busses
etc