As part of the China Belt and Road Summit, held in Beijing on April 27 and 28, Beijing Jingneng Power Company (BJPC) and PowerChina International, have ceremonially signed a memorandum of understanding that will result in a change in the equity shareholding in the Thar Block V1 lignite coal mine and mine mouth power plant project, in Pakistan. The project is owned by BJPC, PowerChina and London-listed Oracle Energy.