CEEC’s $13 billion investment boosts Pakistan’s energy sector under CPEC

China Energy Engineering Corporation (CEEC) has announced an extensive investment plan for Pakistan, focusing on hydro, renewable energy, and transmission line projects.

The company’s Managing Director, Wang Huaiwa, revealed the details during a media briefing in Islamabad, underscoring China’s commitment to supporting Pakistan’s energy infrastructure development.

Among the key projects is the Azad Patan hydropower project in Azad Kashmir, estimated to cost $1.5 billion. This 700-megawatt (MW) project is currently in negotiations with the Pakistani government to achieve early financial closure.

Another significant venture, the Sikhi Canari Hydropower Project, costing $1.96 billion, is poised to become operational soon and will generate 884 MW of electricity.

CEEC is heavily invested in Pakistan, with ongoing projects worth more than $13 billion. The company’s efforts contribute to the broader China-Pakistan Economic Corridor (CPEC) initiative.

In the energy sector alone, China Energy’s projects account for 6,000 MW out of the total 8,000 MW generated. Sixteen ZIL companies under CEEC are actively operating in Pakistan, employing over 100,000 local workers.

Wang Huaiwa highlighted ongoing projects such as the Dasu Hydro, Bhasha Dam, Balakot, and Mohmand Hydropower, which signify China’s long-term strategic partnership with Pakistan. These projects aim to provide environment-friendly and affordable energy solutions.

To date, direct investment under CPEC has reached $25.4 billion, resulting in the employment of 236,000 Pakistanis. Additionally, 510 highways have been constructed, and 8,000 MW electricity projects have been installed, significantly boosting Pakistan’s infrastructure and energy capabilities.