88 Per Cent Work On 720MW Karot Hydropower Project Completed urdupoint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from urdupoint.com Daily Mail and Mail on Sunday newspapers.
A view of the under-construction 720MW Karot hydropower project.
KARACHI: The chairman of China-Pakistan Economic Corridor Authority (CPECA), Asim Saleem Bajwa on Wednesday said that 88 per cent of work on the Karot hydropower project had been completed.
The first of its kind project under the CPEC, being built on River Jhelum, is expected to be completed in April 2022, a dawn.com report quoted him as saying.
Sharing details of the Karot Hydropower Project through a tweet, Mr Bajwa said the investment in the project amounted to $1,780 million while 5,000 local people were directly employed for its construction.
The 720MW Karot hydropower project was due to be completed in 2020. It has the capability to generate 3.249 billion units of clean electricity per year for the national grid.
CPEC s Karot Hydropower Project to be completed in Apr 2022 Thu 13th May 2021 | 05:40 PM
BEIJING, (UrduPoint / Pakistan Point News - 13th May, 2021 ) :The Karot Hydropower Project worth US$1,780 million under ChinaPakistan Economic Corridor (CPEC) will be completed in April 2022.
Up to 88 percent of the work on the Karot Hydropower Project has been completed. The hydro power project - the first of its kind under the CPEC - is being built on the River Jhelum, according to a report published by China Economic Net on Thursday.
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.
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.