Chinese company to invest $2.4b in CPEC Kohala Hydel Project

ISLAMABAD   –  The government of Azad Jammu and Kashmir (AJK) and Chinese Three Gorges Company on Friday signed agreements related to 1,124 megawatt Kohala Hydel Power Project- Implementation and Water Usage under China-Pakistan Economic Corridor (CPEC).

The project would attract a foreign investment of $2.4 billion under the umbrella of CPEC. 

This was announced by CPEC Authority Chairman Lieutenant General (R) Asim Saleem Bajwa on his Twitter handle.

“Signing ceremony for 1,124 MW Kohala Hydel Power Project- Implementation and Water Usage Agreements held between AJK Government and China Three Gorges Company,” the Chairman CPEC Authority tweeted.

Federal Minister of Energy Hammad Azhar, AJK Prime Minister Raja Farooq Haider and other officials were present on the occasion. The Kohala Hydropower Project, a proposed run-of-the-river high-head project, will be located near Kohala in Azad Kashmir.

The agreement for the project was finalised in 2020 and later it was formally signed in a ceremony attended by the Pakistani prime minister and Chinese ambassador.

China Three Gorges Corporation (CTGC), the state-owned hydropower developer, had won the right to develop a hydroelectric dam in Pakistan on January 7, 2015. It will be Chinese company’s largest investment in Pakistan.

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