Acceleration of Chinese power companies’ debt repayments

Islamabad:Pakistan has accelerated the payment of Chinese power companies’ liabilities, after which the Chinese power companies’ liabilities have reduced to 1.4 billion dollars (391 billion rupees), Pakistan. Chinese power companies are sticking to their pledges to fully pay their dues, which would require the government to add additional budgets or cut payments to other power plants, according to energy ministry officials in the first quarter of this fiscal year. At the end of the quarter, the liabilities of Chinese power companies established under CPEC have reduced to 391 billion rupees, which is 2.5 percent less than the liabilities at the end of the previous fiscal year, in dollars, this amount is 1.4 billion dollars. has remained, which was 1.8 billion dollars earlier, after the protection of Chinese citizens, payment of equity and profits of Chinese investors was a major concern for China. As assured, earlier Pakistan was clearing 88% of the invoices of China’s 17 power plants with a capacity of 8020MW, which will require additional resources to bring it up to 100%, while paying the dues of Chinese power companies. It should be noted that Pakistan has tried to convince China to restructure the debts of power companies, but China has not given any encouraging response in this regard, while Chinese companies have It has refused to make any cut in its profits and any change in the Power Purchase Agreement 2015.