China’s Gezhouba Digs in for Pakistan Dam
(Beijing) — Infrastructure builder China Gezhouba Group Co. Ltd. has formally agreed to build a hydropower plant in Pakistan in the largest such project of its kind for the country, as China tries to extend its regional influence through such support.
The agreement paves the way for work to begin on the Dasu Dam project on the Indus River, with a total cost of 486 billion Pakistani rupees ($4.6 billion), according to the Pakistan Water & Power Authority’s website. Actual construction will begin this month or next, with a target completion date of 2023.
Gezhouba formally launched the project with a signing ceremony on Wednesday, the official Xinhua News Agency reported.
Upon completion, the dam will be 242 meters tall and have energy generating capacity of 6.4 megawatts (MW), including 2.2 MW from its first stage and 4.3 MW from its second, according to the Water Authority.
The dam falls in the general area of China’s “One Belt, One Road” initiative, under which the country has pledged to help with infrastructure development along the historic land-based Silk Road running through central Asia, as well as a sea-based trading lane connecting China with Europe. China has also sought to boost its regional influence through its 2015 formation of the Asia Infrastructure Investment Bank, tasked with helping to finance infrastructure projects throughout the region.
Contact reporter Yang Ge (firstname.lastname@example.org)
Jan 28 11:53
Jan 28 11:38
Jan 28 11:31
Jan 27 14:25
Jan 27 14:09
Jan 27 13:57
Jan 24 06:56
Jan 24 06:01
Jan 24 02:16
Jan 23 18:30
Jan 23 16:00
Jan 23 10:48
Jan 23 05:58
Jan 23 03:49
Jan 23 03:41
- 1Wuhan Virus Latest: Medical Resource Shortages Remain as Patient Numbers Grow
- 2Reporter’s Notebook: We Stayed in Wuhan as the Last Trains Pulled Out
- 3Travel Warnings Issued as Coronavirus Cases Confirmed on Four Continents
- 4Wuhan Virus Update: Health Expert Warns of ‘Super-Spreader’ of Viral Pneumonia
- 5Opinion: Eight Thoughts on Stopping Emergency From Turning Into Disaster
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas