The global hydropower market size is expected to become around USD 371.8 billion by the end of 2030 and growing at a CAGR of 5.16% from 2022 to 2030, as per new report study by Precedence Research.
Artistic Milliners’ hydropower plants, Hydro I and Artistic Hydro II, will contribute a combined 521 GWh per year. According to Italian energy company ERG SpA, that’s enough energy to meet the demand of more than 133,000 homes. Both plants are located in Khyber Pakhtunkhwa province, with Artistic I Hydro pulling from the Panjkora River and Artistic II Hydro pulling from the Ushu River.
The project will also include the development of wind and solar projects, as well as an operational wind farm.
Regulatory authorities are currently processing generation licenses and tariffs needed for the projects, and commercial operation is slated to begin by December 2027.