Pakistan, May 3 -- The Chinese company CIHC Pak Power Company Limited (CPPCL), which is building a 300 MW coal-fired power plant in Gwadar, has raised concerns over delays, cost disputes, and tariff issues that are affecting the project's viability. In a formal letter to the Private Power and Infrastructure Board (PPIB), CPPCL Chairman Zhao Bo listed several challenges, including exchange rate losses, insufficient project cost approvals, and a dispute over financial closing date extension fees.

CPPCL submitted its Performance Guarantee (PG) on March 21, 2025, securing project support until March 2028. However, it received a demand for additional payment for the extension, which CPPCL says contradicts the 2019 Letter of Support (LoS). The...