China Shifted Energy Investments in Pakistan from Coal to Renewables

China Shifted Energy Investments in Pakistan from Coal to Renewables

If we talk about a year ago the region of Sindh named Jhimpir was dry, inhabited by nomadic tribes, and a barren stretch of land. But now the area is home to mammoth rotating blades in about two dozen wind farms.

One of the early investors includes a Chinese state-owned power company China Three Gorges Corporation. The company is operating under an investment holding company named China Three Gorges South Asia Investment Limited.

The company has taken part in the construction and funding of three wind projects with a combined capacity of nearly 150 MW. The construction of the first 3 projects began in 2012.

However, the latter two projects were completed in 2018 and were also funded under CPEC. CPEC is a multibillion-dollar belt and road initiative. PM Shehbaz Sharif visited China at the start of the month and highlighted the importance of CPEC in the development of Pakistan.

Renewable represents only a small portion of Pakistan’s Power Generation Mix. In terms of CPEC, it has been stated that oil and gas are the priority of CPEC cooperation. However, the recent shift in China’s investment may impact positively Pakistan’s energy future.

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