Pakistan to seek debt restructuring of CPEC power projects
Islamabad is set to seek debt restructuring of USD 3 billion for the China-Pakistan Economic Corridor (CPEC) energy projects and request China to consider restructuring of the repayments for 10 to 12 years in a bid to eliminate the need for increasing power tariff in the country.
This is part of the Imran Khan government’s proposals to minimize tariff increase requirements under a recently approved debt management plan, The Express Tribune reported.
“The country is scheduled to make PKR 435 billion or nearly USD 3 billion principal repayments to 12 Chinese independent power producers in three years,” Special Assistant to the PM on Power and Petroleum Tabish Gohar told The Express Tribune.
