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Showing posts from May 30, 2017

LoI issued for 300MW coal project at Gwadar ISLAMABAD - Pakistan Power and Infrastructure Board (PPIB) on Tuesday issued Letter of Interest (LOI) to China Communications Construction Company Limited (CCCC) for development of 300MW imported coal-fired power project at Gwadar. The documents in this regard were signed by PPIB Manging Director Shah Jehan Mirza and CCCC Vice President Xu Jun. Under the plan, M/S CCCC would develop the 300MW power project utilising imported coal at Gwadar, Balochistan. The estimated cost of the project is $600 million and it is part of flagship China-Pakistan Economic Corridor (CPEC). Gwadar Port Authority (GPA)/Gwadar Development Authority (GDA) is the supervising agency. It was agreed that the company will obtain tariff approval from Nepra and start construction after achievement of financial closing. The said project has been approved by the Joint Cooperation Committee (JCC) of CPEC and PPIB Board for further p

New Silk Road: Is there a China plan for M’sia? Dennis Ignatius 30 May 2017, AM 8:38 (Updated 30 May 2017, AM 9:10)  china   editorspick   COMMENT | The  leaked  China-Pakistan Economic Corridor (CPEC) Long Term Plan invariably invites questions about China’s plans for Malaysia. Given the detailed and comprehensive planning that went into CPEC, it is more than likely, given the country’s strategic location and its critical importance to the success of the One Belt One Road (OBOR) initiative in Southeast Asia, that a similar master plan for Malaysia has been crafted. What are we to make of the profusion of projects (many of dubious value), the huge infrastructure proposals, the purchase of key national assets, the billions of loans and investments being offered, the  new cities  that are being built and offered for sale primarily to China nationals, the burgeoning military and security cooperation, and China’s increasing political involvement in our domestic affairs? Editor's Pick H

OBOR: How infrastructure funding trumps geopolitics By  JON CONNARS , Independent Risk Analyst and Researcher MAY 30, 2017 2:28 AM (UTC+8) 82 1 Asia Times is not responsible for the opinions, facts or any media content presented by contributors. In case of abuse,  click here to report . You know Donald Trump’s “America First” policy is “working” in the Asia Pacific when Japan wholeheartedly shows its interest in two Chinese-led initiatives – in the same week. In an unexpected about-face, Tokyo sent a  big delegation  to China’s first Silk Road forum, while also signaling its readiness to join the Beijing-led Asian Infrastructure Investment Bank (AIIB). The vast transnational project, the One Belt, One Road (OBOR) initiative, that Tokyo seems to be flirting with is symptomatic of a tectonic shift in international diplomacy: the retreat of Cold War-era power dynamics and the ascent of infrastructure-building as a major diplomatic tool. Securing the involvement of 6