Govt, Chinese firm to sign contract on 20th

LAHORE: The federal government is likely to sign a contract agreement with a Chinese company by April 20 for laying the $2 billion Matiari-Lahore high-voltage direct current (HVDC) transmission line.

China Electric Power Equipment and Technology Company Limited (CET) — a company owned by the State Grid Corporation of China — had started civil work on small scale at its own risk after the government issued a formal letter of interest (LOI) to it in February 2017. However, the contract agreement could not be signed due to various issues between the government and the company.

Published in Dawn, 8th April, 2018