As an example, the 1,223 MW Balloki Power Plant does not fall under the concessionary loan rate of 1.6%, as the project is not being developed by the Pakistani government. Instead, it is considered to be a private sector investment as its construction will be undertaken by a consortium of Harbin Electric and Habib Rafiq Limited after they successfully bid against international competitors.[256] Chinese state-owned banks will provide loans to the consortium that are subsidised by the Chinese government.