Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
January 17, Wednesday 2018 10:18 AM       

       HEADLINES: 7th National Conference on CEDET at KIMS                                              SC judge in Loya case breaks down during meeting with CJI                                              SC crisis seems unresolved, will take couple days to settle: AG                                              CJI sets new five-Judge constitution bench, sans four SC judges                                              'Baby Moshe' arrives in Mumbai after nine years                                              Judge Loya death case: Maha govt. submits documents to SC                                              Couple arrested after 13 brothers and sisters held captive                                              Palestinian leaders vote to suspend recognition of Israel                                              Pak provides safe sanctuaries to terrorists: MQM                                              Centurion Test: Rain halts play on third day                                              Khelo India's official anthem released                                              ICC U-19 WC: Roy's fifer helps India crush PNG                                              Kaumudi Facebook
       WORLD Next Article: N Korean soldier defects to South  
       Chinese firm halts CPEC project over fund issues with Pak gov
 
         Posted on :18:42:45 Nov 13, 2017
   
A A
       Last edited on:18:42:45 Nov 13, 2017
         Tags: Chinese firm halts CPEC project over fund iss
 

LAHORE: A leading Chinese company has drastically slowed down work on USD 2 billion 660kV high-voltage direct current (HVDC) transmission line from Lahore to Matiari.

The work was halted over differences with the government. The Chinese firm has cited the size of revolving fund, delay in building of power plants as main reasons for the slowdown.

The 878km Lahore-Matiari transmission line is part of the China-Pakistan Economic Corridor (CPEC).

It is also Pakistan's first project based on direct current (DC).

According to Dawn, the Pakistan Government will not enter into a new agreement under the CPEC with the company until it completes the first line (between Lahore and Matiari).

According to official sources, the sites where the Chinese company has either slowed down work drastically or stopped it altogether are near Balloki, Bhaipheru (about 50km from Lahore), and near Matiari (near Hyderabad).

The project was started in February after the company received a letter of interest from the government.

An official of the power division in the Pakistan Energy Ministry said, "The (Chinese) company has slowed down its work on these two major sites due to three major issues that are yet to be resolved. One issue is related to establishment of a revolving fund and the other to operation and maintenance of the project."

China came up with its One Belt One Road (OBOR) initiative in 2013.

The project comprises a network of railways, roads and pipelines that would connect Pakistan's port city of Gwadar in the province of Balochistan, with the Chinese city of Kashgar in landlocked Xinjiang Uyghur Autonomous Region (XUAR).

The human rights activists have, time and again, spoken about and highlighted the growing atrocities of Pakistan on the indigenous people of Balochistan and deteriorating human rights situation as a result of the CPEC.

Earlier this month, on the day the supreme body of the Communist Party of China met for its 19th Congress in Beijing, the Baloch leadership in exile issued a strong warning to China to stop the CPEC or face on the ground consequences.

The CPEC passes across the disputed territory and is rejected by the Baloch as a "tool for exploiting the Baloch land."

A A
       WORLD
Next Article: N Korean soldier defects to South
 
 
WORLD HEADLINES
Pak provides safe sanctuaries to terrorists: MQM  
Palestinian leaders vote to suspend recognition of Israel  
Couple arrested after 13 brothers and sisters held captive  
Qatar denies intercepting Emirati plane  
I am not a racist: Trump  
'Palestine being offered Abu Dis as capital'  
'Wrong button' sparked 38 minutes of panic in Hawaii  
'S***HOLE', p**p emojis projected on Trump DC Hotel  
Pak foreign minister threatens India of nuke attack  
Trump allegedly paid porn star $164,000 to hush up their affair  
Adopted Indian girl's father charged with murder  
16 suspects arrested in Balochistan raids  
S Korea to install artificial reefs with N Korea  
Saudi women enter stadium for first time to watch soccer  
China's proposed new Silk Road hit by political, financial hurdles  
Trump signals good relationship with Kim Jong Un  
Netanyahu to embark on a six-day visit to India  
Blatant racism from xenophobic bigot: Twitter calls out Trump for his remark  
US issues advisory to Americans against visiting Russia  
Myanmar military admits killing 10 Rohingyas  
NATO offers to import through Gwadar Port: Pak  
Pak, Afghan must end terror menace on Durand Line: EFSAS study  
Mumbai attacks plotter Saeed incited jihad in UK in 1990s: BBC  
UK army seeks recruits by offering emotional support  
Pak journo working for Indian news channel escapes abduction bid  
 
Do you support withdrawal of Haj subsidy?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy