Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
November 23, Thursday 2017 12:45 PM       

       HEADLINES: Actress attack case: Police to request for special court for trial                                              Saesendran shouldn’t be minister again: Chennithala                                              Cong, Hardik deceiving each other on Patel reservation: Jaitley                                              Saeed's release order: Pak 'hoodwinking' global community                                              Will not modify Govt order banning pet coke, furnace oil: SC                                              Chennai: Student's suicide triggers violence in Sathyabama University                                              People have cancer because of their sins: Assam Health Minister                                              Zimbabwe's ex-VP Mnangagwa to be sworn in as President                                              Russia, Iran, Turkey agree to hold Syrian 'congress'                                              Here's when Federer felt insulted                                              BCCI has lost its reputation: Anurag Thakur                                              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
Russia, Iran, Turkey agree to hold Syrian 'congress'  
Zimbabwe's ex-VP Mnangagwa to be sworn in as President  
Zimbabwe's incoming leader Mnangagwa jets from South Africa  
Pak's judicial body orders release of Hafiz Saeed  
Finally, Robert Mugabe resigns  
At least 50 killed in suicide attack in Nigeria  
US to impose ‘highest level’ sanctions on N Korea: Trump  
India’s nominee Dalveer Bhandari re-elected to ICJ  
No nuclear strike in 2 months: Is Kim Jong-un unwell?  
President Mugabe ends TV speech without resigning  
India goes all out to get Bhandari elected to ICJ  
Imran to quit politics if SC disqualifies him  
Mugabe sacked, ex-VP replaces as party leader  
Twitter suspends verified Pak Defense handle for faking Indian picture  
Lebanon's Hariri in Paris after Saudi 'hostage' rumours  
Trump now paying his own legal bills  
Massive anti-Pakistan protests held across Gilgit Baltistan  
6.9 magnitude earthquake hits Tibet  
PM Modi meets French foreign minister, discuss bilateral ties  
Iraqi forces recapture last IS-held town  
World seeing rise of exclusive politics: UNESCO chief  
Asian man faces racial abuse on California's BART train  
Hollywood to officially rename confederate streets  
Kabul blast: Death toll mounts to 18  
Mugabe under house arrest as military takes control  
 
Do you think media was banned at CM's office on Tuesday?
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