China - Pakistan Economic Corridor - CPEC
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Western Route: Budget 2018/19 allocations...
Construction of 285 Km D. I. Khan Islamabad Motorway 25000 Million Rs in 2018-2019.
4 lanes Yarik - Sagu - Zhob highway (N-50) 210 Km 7000 Millions Rs.184.
4 lanes Khuzdar - Chaman Section 408 Km 7500 Million Rs.
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Gwadar: Construction of 20 Km East bay Expressway allocated 6035 Million Rs 2018-2019 under CPEC.
East Bay Expressway is currently under construction in Gwadar, Balochistan - Pakistan. The six lane expressway is expected to be complete by 2018, and will connect Gwadar Port to the Makran Coastal Highway N-10.
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Atabad Tunnel in karakuram highway...
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Thar Block II Mining and Power projects....
Pakistan Thar Block II Mining and Power Projects is the one of the leading projects of China-Pakistan Economic Corridor (CPEC). It includes one indigenous coal mine with an annual production capacity of 3.8 million tons and a mine-mouth 2×330 MW power plant.
Total project cost for both projects is over USD 2 billion.
The investors include Government of Sindh, Engro Powergen, Thal Limited, Hub Power Company, Habib Bank Limited, Liberty Mills Limited from the Pakistan side and China Machinery Engineering Corporation from the Chinese side. The Chinese syndicate is led by China Development Bank (CDB), Construction Bank of China (CBC) and Industrial and Commercial Bank of China (ICBC), and the local syndicate consists of Habib Bank Limited (HBL), United Bank Limited (UBL), Bank Alfalah Limited (BAFL) and Faysal Bank Limited (FBL). The construction period is of 42 months.
The NTP was given on April of 2016 and the COD for both projects is expected to take place by mid – 2019. This project is the first large power generation project which is using local coal. The project is set to address the severe power shortage crisis and will bring energy security to the country for its future generations. The project will also provide job opportunities directly or indirectly to the local population of Thar.
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Brigadier
The possibility of Russia Pakistan Economic Corridor (RPEC)..
Over the past decade, Pakistan and Russia have been repairing a relationship that was badly damaged during the Cold War.
State-to-state ties are not grounded in emotion but based on shared interests. No two countries can remain friend or foes forever; the convergence or divergence of mutual interests decides the nature of ties between two states. Though relations between Russia and Pakistan have remained turbulent over the years, they have been warming up over the last decade, with top political, diplomatic and recent military engagements. Kremlin is reaffirming its role in its immediate domain and beyond, whereas Islamabad is seeking new avenues in its vicinity. Moreover, the new arrangement of Pakistan-Russia defence relations is a symbiotic realism that flouts conventional wisdom. This is essentially a paradigm shift in the global policy framework. Old allies such as US and Pakistan are drifting away amid changing geopolitics and unfolding regional crescendos.
Russia’s cozying up to Pakistan is indeed a sign of Pakistan’s rising importance in the emerging international domain. Its lifting of the arms embargo against Pakistan in 2015 undoubtedly signifies that Russia is getting quite comfortable with the idea of cooperation with Pakistan.
Earlier this month, Russia also began the delivery of Mi-35 advanced assault helicopters to Pakistan; Islamabad and Moscow concluded the $153 million helicopter deal during then-Chief of Army Staff General (retd) Raheel Sharif’s visit to Russia in June 2016. A preliminary contract was signed at the Pakistan Army General Headquarters in Rawalpindi in August 2015.
No two countries can remain friend or foes forever; the convergence or divergence of mutual interests decides the nature of ties between two states
Pakistan is significant for Russia in two dimensions. First, it serves as an outlet to the Central Asian Republics and the Kremlin would never desire instability there. Second, the strategic location of Pakistan connects the Central Asian region with the Middle East and Indian Ocean — thus Russian goods can access the international market very conveniently through Pakistan.
Moscow also wants to invest in Pakistan’s agriculture technology, including drip irrigation and desert farming. Likewise, Russia is also interested in utilizing China Pakistan Economic Corridor (CPEC). The fundamental reason for which Moscow would like to become, even an auxiliary, part of CPEC is that it is the long-cherished desire of Russian rulers to have access to the warm waters of the Arabian Sea, Persian Gulf and Indian Ocean. Since the times of the Russian Czar Peter the Great to the present-day Russian leader, Vladimir Putin, all have wanted to somehow provide Russia access to warm waters of Asia. Most of the other seas surrounding Russia are not navigable. Russia’s engagement with Pakistan to utilize latter’s geostrategic location complementing with CPEC have already begun. Russian Telecom giant, VimpelCom, is also consolidating its position in Pakistan. After purchasing Mobilink, it has also acquired Warid. Both the brands after merger would benefit from VimpelCom’s $1 billion investment into building one of the largest and most ambitious IT infrastructures in the industry in Pakistan. The Russian telecom is now eyeing on Bank Alfalah too.
In mid-2017, Russia’s Gazprom International and Pakistan’s Oil and Gas Development Company Limited (OGDCL) signed the Memorandum of Understanding (MoU) in Moscow aimed at mutual cooperation, joint ventures and use of state-of-the-art technology that would aid exploration and development. Russia has already expressed its interest to invest $8 billion in Pakistan and a major part of it will go in the country’s ailing energy sector.
Senior Pakistani journalist Syed Talat Hussain who is associated with Geo News, on Monday revealed that a big Russian delegation led by Mayor of Leningrad is coming to Pakistan as Moscow “plans on purchasing banks, laying down railways lines and enhancing their interest in telecommunications. As America’s role shrinks, other powers court Pakistan,” he wrote. Talat Hussain further revealed that the Russians see Bank Alfalah as a big ticket investment in Pakistan.
Pakistan is at the crossroads of economic giants. With the increasingly improving security situation, these booming economies are looking up to Pakistan for their economic interests. Pakistan can cash in its geo-economic and geostrategic location, but by playing cautiously. With Russia’s growing interests in different sectors of Pakistan’s economy and tapping into the potential areas where it can either invest or capture the market for Russian goods, it seems that after Chinese adventurism of CPEC, Russia Pakistan Economic Corridor (RPEC) is also in the making. The thought of it may be ahead of time, but if Pakistan plays balanced chess moves on the board of international and regional politics in particular, it can become hotbed of intersecting world economies.
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China Power Hub Generation Company (), signed Coal Supply Agreement () with Energy Trading S.A.
CPHGC is a project company setup by The Power Company () and China Power International Holding (). With an estimated cost of approx. $2B, the project is one of the largest coal based power projects being constructed under .
CPEC is much beyond the trade route for . Apart from building crucial for the long-term needs of Pakistan, CPEC project would assist bridging the gap which is the major impediment to the steady economic growth of Pakistan.
Project will contribute 9B kWh of cheaper electricity annually into the National Grid, and will support 4M household in yearly power consumption.
The project would consume an estimated 3.8M tons of per annum. A Dedicated Jetty Terminal would also be constructed to import coal directly to the plant from the sea.
The successful signing of the CSA also laid the foundation for coal supply after the start of the commercial operations of the CPHGC power plant project
Mercuria Energy Trading S.A is one of the world's five largest independent energy traders and asset operators and is based in Geneva, Switzerland, with 34 additional offices worldwide.
