This is the second time China has embarked on the financing of the project after other potential sources of funding did not materialize, partly due to Indian opposition to its construction on the territory of its requirements.
China for the first time pitched in With funds in 2017, and Pakistan withdrew from the transaction in the next year, when China insisted on owning the project after its completion.
May 14 this year, the confrontation between Indian and Chinese soldiers along the line of actual control in Ladakh, Pakistan signed a RS 442-billion-dollar contract with a joint venture of state PowerChina and the boundaries of work organizations (Military engineering hands of the Pakistani army) for 450 MW project, with China dropping property condition.
India in may, she objected to the plans of Pakistan to proceed with a dam in the disputed territory.
Answering questions of Pakistan about signing the agreement with China, external Affairs, press Secretary of the Ministry, Anurag Srivastava said: “Our position is consistent and clear that the whole… territories of Jammu and Kashmir and Ladakh was, is and will remain an integral and inalienable part of India. We have consistently protested and common problems with China and Pakistan on all such projects in Indian territories under illegal occupation of Pakistan”.
China dismissed the objections on the following day, the press Secretary of the foreign Ministry Lijian Zhao said: “China’s Position on Kashmir is consistent. Economic cooperation between China and Pakistan aimed at stimulating local economic growth and improve living standards of the population for the benefit of all”.
India did not immediately respond Wednesday to messages from Pakistan to the start of construction.
Work in the area of Chilas of Diamer district of Gilgit Baltistan on Wednesday, initiated by the Prime Minister of Pakistan Imran Khan. The dam built on the Indus river between Kohistan in Khyber Pakhtunkhwa (formerly North-West frontier Province) and Diamer.
The dam was in the Works since 1980, but gaining momentum during the reign of Pervez Musharraf, when he completed feasibility study. Over the last ten years, successive governments in Pakistan tried to secure funding for the ambitious project.
Islamabad has appealed to various countries and organizations, including the United States, Saudi Arabia, the world Bank and the Asian development Bank for funds, but none of them could pass in some cases because of opposition in India to the project. The world Bank wanted Islamabad to obtain a certificate of no objection from India, but Pakistan refused to do so.
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