China to finance huge coal power projects in Pakistan

Posted: April 20, 2015 by oldbrew in Energy
Tags: ,

Moving coal in Pakistan

Moving coal in Pakistan


Asian countries don’t have the same paranoia as many Western governments about using coal to provide much-needed electricity to their vast populations. While the West toys with ineffective and hugely expensive weather-dependent systems, they take a far more practical approach. It looks like a follow-up to the massive Gaddani energy park scheme.

Chinese President Xi Jinping is set to unveil a $46 billion infrastructure spending plan in Pakistan that is a centerpiece of Beijing’s ambitions to open new trade and transport routes across Asia and challenge the U.S. as the dominant regional power. The largest part of the project would provide electricity to energy-starved Pakistan, based mostly on building new coal-fired power plants.

The plan, known as the China Pakistan Economic Corridor, draws on a newly expansive Chinese foreign policy and pressing economic and security concerns at home for Mr. Xi, who is expected to arrive in Pakistan on Monday. Many details had yet to be announced publicly.

“This is going to be a game-changer for Pakistan,” said Ahsan Iqbal, Pakistan’s planning minister, who said his country could link China with markets in Central Asia and South Asia.


“If we become the bridge between these three engines of growth, we will be able to carve out a large economic bloc of about 3 billion living in this part of the world…nearly half the planet.” […]

If realized, the plan would be China’s biggest splurge on economic development in another country to date. It aims over 15 years to create a 2,000-mile economic corridor between Gwadar and northwest China, with roads, rail links and pipelines crossing Pakistan.

The network ultimately will link to other countries as well, potentially creating a regional trading boom, Pakistani and Chinese officials say.

The Pakistan program has been described by Chinese officials as the “flagship project” of a broader policy, “One Belt, One Road,” which seeks to physically connect China to its markets in Asia, Europe and beyond.

The largest part of the project would provide electricity to energy-starved Pakistan, based mostly on building new coal-fired power plants. The country is beset by hours of daily scheduled power cuts because of a lack of supply, shutting down industry and making life miserable in homes—a major reason for the election in 2013 of Prime Minister Nawaz Sharif, who promised to solve the electricity crisis.

The plans envisage adding 10,400 megawatts of electricity at a cost of $15.5 billion by 2018. If those projects deliver, plugging the electricity deficit, Mr. Sharif would be able to go into the 2018 election saying he has lived up to his pledge.

Report: China’s President In Pakistan To Cement Huge Coal Power Projects | The Global Warming Policy Forum (GWPF).

“Coal is very important to meet the future energy needs of Pakistan, we think that Pakistan should take full advantage of 175 billion tons of coal reserves in Thar desert of Sindh,” said Weikai Gao, Chief Executive Officer of Global Mining China. [bold added]

Comments
  1. dscott says:

    Aw, look at that, the Chinese are engaging in colonialism via resource extraction from Pakistan. It brings a tear to the eye for any Capitalist to see the fledgling grow up using the elementary tools of Capitalism to create wealth and allow more people to be lifted out of poverty. The former Communist State is slowly but surely evolving into an efficient Capitalist State forming vertical monopolies.

  2. oldbrew says:

    ‘Al Gore says poor people don’t need coal power, they need solar panels.’

    Try telling 3 billion people in Asia they can only have power during daylight hours, if at all – LOL.
    No rational person could believe such an idea.

    http://dailycaller.com/2015/04/17/al-gore-poor-people-dont-need-coal/

    D.Telegraph graphic:

  3. michael hart says:

    So Pakistan aren’t planning on signing any silly CO2 deals in Paris either. BBC please take note.

    But then again, US military/civilian aid $1billion is a stick that Barrack O might like to beat the Pakistanis into line with.
    http://timesofindia.indiatimes.com/world/us/Obama-proposes-over-1-billion-civil-military-aid-to-Pakistan/articleshow/46110457.cms

    But then again again, Pakistan/Afghanistan is a useful place for the US to field test the latest drone-ware.

  4. gallopingcamel says:

    While living in Rawalpindi my family learned to appreciate the Pakistani people, their culture and their cuisine.

    The USA expects Pakistan to support its war against Al Quaeda in Afghanistan. We have violated Pakistan’s sovereignty by carrying out military operations in the country without the approval of the Pakistan government.

    China on the other hand is offering to alleviate Pakistan’s energy poverty.

    If you were a Pakistani which major power would win your heart and mind?

  5. ivan says:

    Practical foreign aid that gives the country receiving it a boost towards a better life. The Chinese are also doing things like that in Africa by helping build the infrastructure – yes it helps them get the raw materials out but it also advances the country.

    This is the sort of foreign aid the UK should be doing but it won’t because the green NGOs would be deprived of their pictures of the peasants scratching a living in the dry soil that they so love.

  6. gallopingcamel says:April 21, 2015 at 5:08 am

    “While living in Rawalpindi my family learned to appreciate the Pakistani people, their culture and their cuisine.
    The USA expects Pakistan to support its war against Al Quaeda in Afghanistan. We have violated Pakistan’s sovereignty by carrying out military operations in the country without the approval of the Pakistan government.
    China on the other hand is offering to alleviate Pakistan’s energy poverty.
    If you were a Pakistani which major power would win your heart and mind?

    Grin!🙂

  7. gallopingcamel says:April 21, 2015 at 5:08 am

    Peter,
    While quickly vacating the area of she. I hope I galloped with much less fear!!🙂