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      Economy

      State Grid signed deal in Pakistan

      1
      2017-01-05 09:35Global Times Editor: Li Yan ECNS App Download

      China's State Grid Corp has signed a deal with Pakistan's Ministry of Water and Power to invest in and build a power transmission line in Pakistan, the State-Owned Assets Supervision and Administration Commission said in a statement on Wednesday.

      Under the deal, State Grid will invest $1.5 billion in the 4,000 megawatt power transmission line, according to Pakistani media. The project is part of the China-Pakistan Economic Corridor initiative, which drew $55 billion in the latest round of Chinese investment.

        

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