Category: Energy

china CDB EXIM bank energy financing

Chinese Overseas Energy Development Financing Falls to Zero in 2021

In 2021, for the first time in two decades, China Development Bank and China EXIM Bank did not make any new energy financing commitments.

/ March 16, 2022

Thar lignite to fuel Pakistan’s first ultra-supercritical power plant

Lucky Cement, Pakistan’s largest cement company by installed capacity, has attained financial close on a 660MW, $1.08 lignite-fueled power plant that will be located in Port Qasim, Sindh. The plant, when completed, will be the first ultra-supercritical power plant in...

/ July 12, 2018

Caretaker finance minister leads CPEC review

Caretaker governments are in power in Pakistan, but they, along with the permanent bureaucracy, continue to keep the CPEC train chugging along. Last week, Balochistan Chief Minister Alauddin Marri led a business forum in Quetta that brought together Chinese business...

/ July 12, 2018

Protests near Gwadar over electric power blackouts

Protestors on Tuesday blocked the Makran Coastal Highway connecting Gwadar to Karachi as the region faces an electric power blackout due to faults with transmission lines. The protest took place near Ormara, according to DAWN. The coastal town is located...

/ July 11, 2018

Chinese Electric Power Companies Press for ‘Revolving Fund’

 In 2016, Pakistan approved the creation of a “revolving fund” that would effectively provide a sovereign guarantee for payments to CPEC independent power producers (IPPs). The fund would cover 22 percent of the estimated monthly payments and capacity charges owed to...

/ June 27, 2018