The Karot Hydropower Project is expected to be completed in April 2022. Photo courtesy Asim Bajwa Twitter
Chairman of the China-Pakistan Economic Corridor (CPEC) Authority Asim Saleem Bajwa shared on Wednesday that 88 per cent of the work on the Karot Hydropower Project has been completed.
The hydropower project the first of its kind under the CPEC is expected to be completed in April 2022 and is being built on the River Jhelum, he said.
Sharing the details of the Karot Hydropower Project in a tweet, Bajwa said the investment in it amounted to $1,780 million while 5,000 local people were directly employed for its construction.
Daily Times
China Pakistan Economic Corridor (CPEC) Authority Chairman Asim Saleem Bajwa said on Wednesday that about 88 percent of the work on the Karot Hydropower Project has been completed.
In a tweet, he said that the hydropower project, which is being built on the River Jhelum, is the first of its kind under the CPEC and is expected to be completed in April 2022. Sharing the details, he said that the investment in it amounted to 1,780 million dollars while 5,000 local people were directly employed for its construction.
Initially, it was expected that the 720-megawatt Karot project might be completed in 2020. It will have capacity to generate 3.249 billion units of clean electricity per year for the national grid. The project is being developed on a build-own-operate and transfer (BOOT) basis at an estimated cost of $1.98 billion.