CPEC and Energy Rejuvenation: A Road to Improvement
This qualitative research study aims to investigate the role played by the established special economic zones under the program of the China-Pakistan Economic Corridor to improve and upgrade the energy sector in Pakistan. The key role of China under the Joined Cooperation Committee formed in 2013 has paved ways for Pakistan to bring profound stability in the energy crisis being faced by Pakistan which is also evident from its most recent investment of 33.45 billion Rupees under the CPEC mega energy project respectively. The availability of approximately 10,000 megawatts electricity to the National Grid of Pakistan in the year 2018 is near to its accomplishment phase. However, this accomplishment poses itself many challenges that may halter the smooth reviving of the energy and power crisis. The challenge of bridging the gap between the purchase prices of the electricity distribution companies (DISCOS) and the sales revenue generated as well as the inclusion of more hydropower projects because of them being less expensive than the wind power projects respectively.