China Agrees to Convert Three IPPs to Local Coal in Pakistan

Islamabad: China has given the green signal to convert three power plants currently running on imported coal to local coal. According to sources, Finance Minister Mohammad Orangzeb and Energy Minister Owais Leghari are currently on a tour of China where progress has been made regarding the power plants running on imported coal.
The three power plants using imported coal are among the most expensive electricity producers in Pakistan, including the 1320 MW Sahiwal Coal Power Plant, the 1320 MW Hub Power Plant, and the 1320 MW Port Qasim Power Plant.
A positive response was also given by Chinese authorities to the Pakistani delegation regarding profiling of all three coal power plants. Furthermore, a roadmap has been devised to advance discussions on issues related to power plants operating on imported coal.
Chinese officials have assured complete support to the Pakistani delegation in resolving matters related to the Panda Bonds as well. Meetings between Pakistani and Chinese authorities will continue regarding the conversion and profiling of all three power plants.