First CPEC hydropower project reaches closer to completion

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ISLAMABAD – China Pakistan Economic Corridor (CPEC) Authority chairman Lieutenant General (retd) Asim Saleem Bajwa announced on Wednesday that 88% work on 720 megawatt Karot Hydropower Project has been completed.

Taking to Twitter, the CPEC chief said that it is the first CPEC hydropower project with total investment of $1,720 million.

He said that the project is expected to be completed till April 2022, adding that that the project has created 5,000 jobs for local residents.

“#CPEC: 720 MW Karot Hydropower Project (1st CPEC Hydropower Project), Investment $ 1720 M, 88% work been completed, expected completion April 2022. Current local direct employment 5000. Location River Jehlum (Punjab/ AJK)#,” he tweeted.

Last month, the government of Azad Jammu and Kashmir (AJK), and Chinese company signed agreements related to 1124 megawatt Kohala Hydel Power Project- Implementation and Water Usage – under CPEC.

It was announced by CPEC Authority Chairman Lieutenant General (retd) Asim Saleem Bajwa, who was present on the occasion, on his Twitter handle.

“#CPEC: Signing ceremony 1124 MW Kohala Hydel Power Project- Implementation and Water Usage Agreements signed by AJK Govt and China Three Gorges Company. Investment:US $ 2.4 Bn,” he tweeted.

Federal Minister of Energy Hammad Azhar, AJK Prime Minister Raja Farooq Haider and others officials were present on the occasion.

The Kohala Hydropower Project is a proposed run-of-the-river, high head project will be located near Kohala, in Azad Kashmir.

The agreement for the project was finalised in 2020 and later it was formally signed in a ceremony attended by the Pakistani prime minister, and Chinese ambassador.

China Three Gorges Corporation (CTGC), the state-owned hydropower developer, had won the right to develop a hydroelectric dam in Pakistan on January 7, 2015. It will be Chinese company’s largest investment in Pakistan.

Read more: https://pakobserver.net/omar-terms-kohala-hydro-power-project-agreement-major-achievement/

Read more: https://pakobserver.net/govt-signs-tripartite-pact-for-1124mw-kohala-hydro-power-project/