Chinese firm bows out of coal-based power project

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Lahore : A major Chinese firm has bowed out of a Punjab-based 330MW coal-based power project that was scheduled to start electricity production by end-2017.The $590 million mine-mouth project was a key component of the high profile $46 billion China-Pakis­tan Economic Corridor (CPEC) launched last year by President Xi Jinping and Prime Minister Nawaz Sharif. NewsS

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