Balochistan government and Chinese consortium signed a Memorandum of Understanding (MoU) for another CPEC project of construction of Petro-Chemical Park at Gawadar costing 46b dollars.
This project includes an oil refinery, cement factory, tire factory, supply of water and 1200 mega watt electricity project.
Oil refinery would purify 10 million tons, for which a pipeline from Nawabshah to Gawadar would be laid, and daily 3 metric tons cement would be produced from factory. 800 mdg water supply would be provided through this scheme, eight hundred job opportunities would be created through this project.
Eight thousand heavy duty tires would be produced, surplus can be export.
A latest power plant would be installed through which 1200 mega watt energy would be produced.
Project would be completed in 28 months and consortium include Zel P, Senteno and SFIC. Chief Minister Balochistan and others participated in MoU signing ceremony last day.