Islamabad: Pakistan has imported equipment worth USD 1.7 billion from a Chinese company named Fushun Electric Porcelain Manufacturing Company for an energy transmission project, a news source reported. The power project, which comes under the China-Pakistan Economic Corridor (CPEC) umbrella, is the first of its kind in Pakistan.
This will be the first landing project to be open for foreign investment in the field of power transformation and transmission in Pakistan. A total of USD 1.658 billion will be invested in this project, which is expected to be made functional by 2021.
The company won the bid for the direct and alternating current pillar insulators, as well as the zinc oxide surge arresters for the project due to its years of experience in ultra-high voltage production. Thirty tonnes of direct current (DC) 660 kilovolts of Zinc Oxide Lightning Cooler have been sent to Pakistan for use in this project.
The Private Power Infrastructure Board (PPIB) is working on facilitating various projects under CPEC, besides this transmission project, with a total capacity of almost 11,000 megawatts. These include coal-fired and hydel plants.
