KARACHI: China-Pakistan Economic Corridor (CPEC)’s energy projects have contributed $250 million in taxes and provided 10,000 jobs by adding 14.5 percent of the total electricity output in National Transmission & Despatch Company (NTDC) system so far, reported Business Recorder.
According to the official documents quoted in the media report, CPEC energy cooperation has increased power supply in Pakistan. Power generation of CPEC projects reached 17.728 billion kWh, 14.5 percent of the total output in the NTDC system, which could supply over 33 million people on per capital power use basis.
CPEC energy cooperation has also promoted economic and social development of Pakistan. According to statistics, CPEC projects as of the fiscal year of 2018-2019 have paid about 250 million USD in taxes during the construction period and provided over 10,000 jobs. Reliable power supply is a significant facilitator to local economy and social development, the report claimed.
Documents showed that as of September 2019, 12 power generation projects have either started construction or been in commercial operation already, with a total installed capacity of 7240 MW and a total investment of about $12.4 billion
Among them, there are nine Commercial operation (COD) projects (some are constructed by phases), with a total installed capacity of 5320 MW and a total investment of about $8.175 billion and three projects, expected to be completed and put into operation between 2020/21 to 2022/23 fiscal year, are under construction (some are constructed by phases), with a total installed capacity of 1920MW.
In addition, nine projects stand at early stage (some are constructed by phases), with a total installed capacity of 6390MW, according to the report.