China and Pakistan ink a financing agreement on a coal power project in Pakistan’s Thar Coalfield.

China and Pakistan have inked a financing agreement on a coal power project located in the Thar Coalfield in Pakistan.

The project will cost over 2 billion U.S. dollars, including the exploitation of a 3.8-million-ton coal mine and the construction of a 660,000-kilowatt power station.

China will contribute 800 million dollars to the financing, while the Pakistani partners will provide 500 million dollars, mainly through China Development Bank and Habib Bank.

The project is expected to be completed by the end of 2017.