LAHORE - Pakistan Electric Power Company (PEPCO) Managing Director Tahir Basharat Cheema has said that one of the causes of the present energy crisis is delay in completion of ongoing power projects. He said that timely completion of 747 MW Combined Cycle Guddu Power Project is of vital importance. He made these remarks while talking to a Chinese delegation representing M/s Harbin Power Engineering Company (Pvt) Limited, contractors of this project led by Vice President of the Company Yang Qingli who called on him at WAPDA house. The delegation is on a visit to Pakistan to hold talks with PEPCO and other departments to kick start the project. Tahir Basharat Cheema assured the Chinese delegation, that PEPCO will extend all possible cooperation and share its experience and information with the Chinese contractors so that the project is completed well in time. Tahir Basharat Cheema said that the energy policy of present government envisages that increase in power generation should be made in tandem with the objective of producing energy at affordable cost. The 747 MW Combined Cycle Guddu Power Project is therefore of great significance, as it is not only one of the biggest thermal projects in the country fueled by gas, but would also produce affordable energy. Cheema said that one of the causes of the present energy crisis is delay in completion of ongoing power projects. He expressed the confidence that M/s Harbin Power Engineering Company (Pvt) Limited which is one of the three largest Chinese Companies manufacturing power plants, given its experience and expertise would complete the project within the stipulated period of 30 months for the open cycle and 36 months combined cycle, if not earlier. Yang Qingly Vice President of M/s Harbin Power Engineering Company said that 27 years ago his company had installed, one of the initial blocks of the Guddu Power Project, which was the first integrated thermal power project in Pakistan. He further said that his company is cognizant of the significance of the project and assured MD PEPCO that his company would mobilize all its resources and personnel to complete the project on time. Yang Qingly also invited Cheema to visit China to have a firsthand knowledge of the facilities, technology and human resource of the company. Yang Qingly presented a cheque of Rs 4.0 Million to Tahir Basharat Cheema as donation for the Prime Minister's Flood Relief Fund, 2010. The contract for 747 MW Combined Cycle Power Project Guddu was signed on 19 September 2009 with M/s Harbin Power Engineering Company and General Electric USA having a capacity of 747 MW, with an estimated cost of Pak Rs 59,775.41 million and is schedule to be completed within 36 months. 85 percent of the project has already been financed by China Exim Bank and US Exim Bank while the balance would be financed by the Government of Pakistan. Other members of the delegation include Piao Renwen, Project Manager Guddu, Li Guocai Chief Engineer, Guddu, Xue Jianjun Commercial Engineer, Li Zhiwei Electrical Engineer, Zhang Tingfa Mechinical Engineer and Lou Shanhong Hydro Chemical Engineer. Rafique Butt GM Design and Development Thermal (PEPCO) was also present during the meeting.