CPEC consortia run into problems over payment issues

ISLAMABAD: The finalisation of a few major energy sector transactions with Chinese financial institutions and investors appeared in doldrums owing chiefly to prevailing uncertainties and jittery Chinese financial institutions.

Testifying before a parliamentary panel, Chief Executive of Hub Power Company Khalid Mansoor said his company was working on $3.5 billion worth of energy projects under China-Pakistan Economic Corridor (CPEC) but their financial closure had been stopped due to ‘bad-mouthing’ of some existing investors over non-payments.

Published in Dawn, 21st June, 2018