Chinese firm’s mega offer for hydroelectric power generation in Pakistan

On July 3, 2015, the Express Tribune reported that a mega Chinese firm has expressed willingness to pump almost $50 billion for hydroelectric projects in Pakistan. China Three Gorges Corporation (CTG), a state-owned power company which was established in September 1993, said it is keen to make this huge investment in Pakistan in conjunction with the International Finance Corporation (IFC), a World Bank subsidiary. It is worth noting that the