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.

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 Road transaction, mixing economic sense with geopolitical savvy. China has been taking on a more prominent role in Pakistan, with the establishment of the China-Pakistan Economic Corridor last year. It looks set to take...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222