ISLAMABAD: The government has decided to establish a 300-megawatt power plant at Gwadar to supply electricity to nearby areas, end load shedding and mitigate dependence on Iran.
According to an official source, the $ 542.32 million worth of coal-fired power project would be initiated under the China-Pakistan Economic Corridor (CPEC). This project will create over 1000 jobs for locals.
The land has been acquired for the execution of the project and the Gwadar Development Authority (GDA) would supervise the project.
The area of Makran division has supplied electricity from Iran and power shortfalls in Iran have led to load shedding in Gwadar, Turbat and Makran regions.
These areas are not connected with the national grid and are dependent on the Iranian power supply. The government has taken steps to connect these areas with the national grid to ensure an uninterrupted smooth power supply to the domestic consumers to provide relief in the winter season, said the official.
The government has set a target to enhance coal production to meet national energy needs and taking many measures to provide electricity to the consumers at cheap rates.
According to a CPEC Authority official, the mega project would move forward with more strength during the current year and the years ahead, which would further strengthen the bilateral relations between Pakistan and China.
He said the CPEC would open a new era of development and prosperity in Pakistan.