Belt and Road: Shanghai Electric buys in Pakistan

As one of China's biggest electricity companies buys assets in Pakistan, One Belt One Road appears to be picking up steam.

Belt and Road: Shanghai Electric buys in Pakistan

One Belt, One Road’ has long been little more than a nice slogan, the catch-all for a plethora of potential deals and projects. But three years after the slogan gained prominence, the deals are starting to come.

Shanghai Electric Power, one of the top five state-owned electricity producers in China, announced on Sunday that it would buy 66.4% of Pakistan’s K-Electric for $1.77 billion.

The deal is a classic Belt and...

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