ISLAMABAD: Member National Assembly Ahsan Iqbal on Monday said that 35 billion dollar energy projects had been set up under China Pakistan Economic Corridor’s (CPEC) Power Purchase Agreement (PPA).
Speaking in the National Assembly he said, “We have not taken even a single penny loan to set up power projects under China Pakistan Economic Corridor as all the projects had been established by the private sector of China in line with the PPA.”
Under the agreement, he said, the generated electricity will be added to the national grid as per rate determined by the National Electric Power Regulatory Authority (NEPRA).
“We should be grateful to China for making such a huge investment in Pakistan when other countries and local investors are shying to invest ten dollars”.
He appreciated the Chinese government for helping Pakistan in difficult times to end load-shedding from the country.