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Home Business

‘No loadshedding in Lahore next year’

by News Publishing
August 7, 2023
in Business
Reading Time: 2 mins read
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‘No loadshedding in Lahore next year’
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The Pak Matiari-Lahore Transmission Company (PMLTC) is optimistic about ending power load-shedding in the provincial capital by the upcoming year.

Ma Desheng, the Deputy CEO of PMLTC, addressed a media delegation and highlighted the significant role of the Matiari-Lahore transmission line in bridging Pakistan’s energy gap and facilitating the country’s economic growth. He proudly announced that the Lahore Converter Station had successfully remained energised for 1,000 consecutive days.
To meet the region’s increasing energy demands, Ma Desheng revealed plans to lay two additional transmission lines.

As part of a program showcasing China-Pakistan Economic Corridor (CPEC) projects in Punjab, the media delegation visited the Lahore conversion site of the impressive 886 km Matiari-Lahore power transmission line.

The Lahore-Matiari line stands as the pioneering project launched under CPEC, aimed at transmitting electricity from power stations in Sindh to load centers in Punjab. Moreover, it will serve to transmit electricity from the upcoming indigenous coal-based power plants in Thar, further strengthening Pakistan’s energy infrastructure.

As part of the celebration of the completion of 10 years of the China-Pakistan Economic Corridor (CPEC), a delegation had the opportunity to visit several projects in Pakistan, including a factory operated by Shanghai Yuanyi Industrial Company.

In 2014, Shanghai Yuanyi Industrial Company made a significant investment in Pakistan, establishing its first overseas export-oriented garment manufacturing enterprise. This factory became the third production base for the company, in addition to its existing bases in Shanghai and Hubei. Initially starting as a small factory with 300 employees, it has since experienced remarkable growth, now employing a workforce of 4,000 individuals.

Over the years, the company’s performance has been outstanding, with its sales surpassing $60 million. As a result, it has earned a prestigious position among the top 100 exporters in Pakistan. The successful venture of Shanghai Yuanyi Industrial Company in Pakistan showcases the positive impact and opportunities brought forth by the CPEC initiative.
To commemorate the occasion, the Chinese Consulate in Lahore and the Institute of International Relations and Media Research (IIRMR) jointly organised visits to various CPEC projects, including the flourishing garment manufacturing enterprise. These projects not only signify the deepening economic ties between China and Pakistan but also exemplify the mutually beneficial nature of their collaboration in enhancing trade, infrastructure development, and economic growth.

The project has garnered numerous accolades for successfully addressing a significant portion of the country’s power shortage and catering to the electricity needs of over four million households.

As part of the China-Pakistan Economic Corridor (CPEC) framework, Chinese experts have played a pivotal role in training Pakistani engineers through extensive training programs. This strategic initiative aims to bolster Pakistan’s technical capabilities and foster a collaborative environment for mutual growth and progress.

News Publishing

News Publishing

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