ISLAMABAD, May 13 (Gwadar pro)- China-Pakistan Economic Corridor (CPEC) Authority chief Lt. General Asim Saleem Bajwa (ret’d) said on Wednesday that US$1,780 million Karot Hydropower Project under CPEC will be completed in April 2022.
He said that 88 percent of the work on the Karot Hydropower Project had been completed. The hydropower project - the first of its kind under the CPEC - is being built on the River Jhelum, he said in a tweet.
The project is being developed on a Build-Own-Operate and Transfer (BOOT) basis at an estimated cost of $1.98bn including a development cost of US$1.698bn and interest during construction of US$243m by Karot Power Company Private Ltd, comprising of M/s Three Gorges South Asia Investment Ltd (TGSAIL) and Associated Technologies (Pvt) Ltd of Pakistan.