BEIJING, Dec. 26 (Xinhua) -- Under the attestation of local land registrar, PowerChina Resources Limited of China and Port Qasim Authority of Pakistan recently inked a land lease agreement for the Port Qasim coal-fired power station in Pakistan’s Sindh Province.
The registration of the land lease agreement, which had been delayed for 15 months due to disputes over the ownership of the land, has paved the way for the issue of follow-up loans for the project as well as the smooth execution of the project.
As the largest overseas investment project of PowerChina Resources, the power station will be equipped with two 660 MW coal-fired units with the first unit planned for power generation by the end of 2017, according to PowerChina Resources.
Once the two units are put into commercial operation by June 2018, the power station is expected to generate 9 billion kWh of electricity annually. The project would greatly relieve power shortage in Pakistan, the company said. Enditem (Edited by Niu Huizhe, niuhuizhe@xinhua.org)
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