By Khalid Mustafa
The News - Monday, January 20, 2014
ISLAMABAD:
China is demanding that all mega power projects, including the Bhasha
Dam, Gaddani and Lakhra coal plants, the Tarbela Extension project and
many transmission lines, be handed over to China without any
international bidding process, and Beijing will directly invest $22
billion in Pakistan.
The Nawaz Sharif government is
eager to accept this huge Chinese offe, and a loophole in the PPRA rules
is being used to hand over all these mega projects to China.
“Beijing
will extend the preferential and medium term soft loans of $22 billion
to Pakistan against the guarantees of the government of Pakistan”, a
senior official who was part of the recent meeting of the Pak-China
Joint Working Group (JWG) held on January 7-8 in Beijing told The News.
“We
have carved out a plan to capitalise on the opportunity that Beijing
has extended to Pakistan. Under the plan, Chinese companies will be
offered the coal and hydropower and huge transmission line projects
under a direct contracting regime which is not against the PPRA rules,”
the official said.
Read more....
No comments:
Post a Comment