Skip to main content

Agreements of IPPs under CPEC cannot be renegotiated under CPEC, Pak govt tells Senate Committee

ANI | Updated: Oct 30, 2021 07:01 IST

Islamabad [Pakistan], October 30 (ANI): The Pakistani government told the Senate Standing Committee on Power that the agreement of the Independent Power Producers (IPPs) under China Pakistan Economic Corridor (CPEC) cannot be renegotiated, just like other IPPs, as the Chinese companies could take the matter for international arbitration, local media reported.
The Senate Standing Committee on Power that met under Senator Saifullah Abro, was told by the officials of the Power division that they cannot brief the committee openly regarding the tariff matters of the power plants installed by Chinese IPPs under CPEC. However it was told that the power division is ready to brief the in camera meeting of the committee on the issue, The Nation reported on Friday.
Some Chinese companies don't support the idea of making the details of agreements on CPEC IPPs public, Additional Secretary Power Division Waseem Mukhtar told the committee.
He said that the CPEC IPPs were installed under the 2013-14 Power Policy and the government of Pakistan is the guarantor to the agreements. The additional secretary further said that they cannot open the tariff matters of the CPEC IPPs, just like other IPPs, as it could land the country in international arbitration, The Nation reported.
Meanwhile, Senator Saifullah Abro stated that the people of the areas around the Nuclear power plants should be provided royalty on the pattern of Oil & Gas producing areas. He said that NEPRA protects the consumers and there should be protection of the people living the nuclear power plants areas. However, Chairman NEPRA said that he is not an expert of nuclear technology and can update the committee after discussing it with the Atomic Energy Commission, the Pakistani Publication reported.
The Chairman of the committee said that it is strange that the private power plants are working for 30 years without any fault but the government-owned plant develop an enormous fault within 7 years, The Nation reported.
CPEC is a part of China's most ambitious project 'Belt and Road Initiative', aimed at renewing the country's historic trade routes in the coastal countries of south-east Asia.
In 2015, China announced the 'China Pakistan Economic Corridor' (CPEC) project which is worth USD 46 billion.
With CPEC, Beijing aims to expand its influence in Pakistan and across Central and South Asia in order to counter the influence of the United States.
The CPEC would link Pakistan's southern Gwadar port (626 kilometers west of Karachi) in Balochistan on the Arabian Sea to China's western Xinjiang region. It also includes plans to create road, rail, and oil pipeline links to improve connectivity between China and the Middle East. (ANI)


Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed. Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area” For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number” Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell yo

RWR Advisory: Belt and Road at a Glance

This edition covers developments from March 12 - March 26..  Belt and Road at a Glance   Subscribe to the Belt and Road Monitor Top Developments China National Machinery Industry Corporation, commonly known as Sinomach, has agreed to  build  a $845 million, 255-mile railway across  Iran , building upon a sustained period of growth for Chinese investment in Iran that accelerated after Xi Jinping’s state visit to the country in January 2016. The railway will link the cities of Tehran, Hamedan and Sanandaj. China Civil Engineering Construction, a subsidiary of CRCC, is currently also  building  a 263-km railway line from Kermanshah to Khosravi. According to Chinese entrepreneur Lin Zuoru, who  owns  factories in Iran, “Iran is at the center of everything.”On March 23, China’s Ministry of Commerce announced that foreign direct investment by Chinese companies in 50 Belt and Road countries fell by 30.9% year-on-year. While the Ministry stated that this number covers investment across al

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میں Please help the deserving persons... Salary: Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows; Welder: Rs. 1,700 daily Heavy Duty Driver: Rs. 1,700 daily Mason: Rs. 1,500 daily Helper: Rs. 850 daily Electrician: Rs. 1,700 daily Surveyor: Rs. 2,500 daily Security Guard: Rs. 1,600 daily Bulldozer operator: Rs. 2,200 daily Concrete mixer machine operator: Rs. 2,000 daily Roller operator: Rs. 2,000 daily Steel fixer: Rs. 2,200 daily Iron Shuttering fixer: Rs. 1,800 daily Account clerk: Rs. 2,200 daily Carpenter: Rs. 1,700 daily Light duty driver: Rs. 1,700 daily Labour: Rs. 900 daily Para Engine mechanic: Rs. 1,700 daily Pipe fitter: Rs. 1,700 daily Storekeeper: Rs. 1,700 daily Office boy: Rs. 1,200 daily Excavator operator: Rs. 2,200 daily Shovel operator: Rs. 2,200 daily Computer operator: Rs. 2,200 daily Security Supervisor: Rs.