China Pakistan Economic Corridor Energy Projects in Light of Sustainable Development

Abstract

Energy sector of Pakistan has never been up to the demand of the country due to inappropriate energy management policies. The shortfall has been reaching to a nominal level of 4500 MW for more than 10 years. The economy of Pakistan has been dramatically affected and resulted in the shutdown of many industrial units. To manage this shortfall, electric supply companies had solely concerned the consumer end. Energy domain of Pakistan has confronted a rapid change by the mega-investment of more than 60 billion USD under the game-changing project of China-Pakistan Economic Corridor (CPEC). This project will boost the energy sector as half of the total capital of this project has been disbursed for the mitigation of shortfall and power crisis. The project has been started for the interests of both economies of both countries China and Pakistan. This research focused on the causes of the power crisis in Pakistan and how CPEC will boost of the energy sector and how our environment will be affected by these energy projects. And policies have been discussed for efficient policy-making in generation with the lowest environmental impacts and contributing towards making this Development more sustainable and acceptable.

Keywords

• china-pakistan economic corridor
• one belt and one road
• power crisis
• energy policy pakistan
• environmental impacts of cpec
• sustainable development