Islamabad— Federal Minister Water and Power Khawaja Asif, Friday, lauded the role of the Chinese companies in the energy and infrastructure sectors development in Pakistan. The Minister stated this during meeting with a delegation of the Hub Power Company (Hubco) comprising Chief Executive Khalid Mansoor, Senior Vice President New Ventures Tahir Jawaid, Chairman of the coal project company China Power Hub Generation Company (CPHGC) Huang Yuntao and CEO CPHGC Zhao Yonggang. Secretary Water and Power Younus Dagha was also present on the occasion. The delegations briefed the Minister on Hubco’s 2x660MW Coal Project.
He said that the project will bring immense socio-economic benefits for the Country, specifically for the province of Balochistan. The project construction will provide employment opportunities through induction of skilled, semi-skilled and unskilled workforce by Project Engineering, Procurement and Construction (EPC) contractors through sub-contractors during the construction period. In addition, other economic activities around the Project Site are also likely to witness a major increase. “Projects of this magnitude bring inclusive growth and ensure development of the adjoining areas”, he added. On the ongoing energy crisis in the country the Minister said that the project would pave the way for a much-needed shift of Pakistan’s current energy mix to achieve the objective of generating of energy the country needed much. The Project will also set precedence for further future investments in the energy sector in Pakistan” he added. He assured maximum support to the company in the execution of its project and issued direction to the officers concerned in this regards.
During the briefing, Khalid Mansoor, CEO Hubco said, “at present, we are in the advanced stages of a historic, multi-billion dollar project to develop two 660MW plants based on imported coal and an ancillary jetty for coal transport near the existing Hub plant. The Project will be developed via a joint venture (JV) company named China Power Hub Generation Company (CPHGC) Pvt. Ltd, which has already been incorporated under the laws of Pakistan. The Project is part of China Pakistan Economic Corridor (CPEC). It is the only power project under CPEC in the province of Balochistan. “As an integral part of Project development, Hubco has carried out an environmental and social impact Assessment (ESIA) study.