MoU signed with Chinese company for $2.4b investment in CPEC Kohala Project

Observer Report

The Azad Jammu and Kashmir (AJK) government and Chinese company, Three Gorges have signed a memorandum of understanding (MoU) related to 1124 megawatt Kohala Hydel Power Project- Implementation and Water Usage.

Under the umbrella of China Pakistan Economic Corridor (CPEC), the project would attract a foreign investment of 2.4 billion dollars.

Chairman CPEC Authority, Lieutenant General (R) Asim Saleem Bajwa, announced this on his Twitter handle on Saturday.

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

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

Previous articleSaudi joins with other oil and gas giants over emission targets
Next articleAgriculture sector development top priority of PTI govt