LAHORE - WAPDA and SAMBU-SARCO, joint venture of a Korean and Pakistani firm, signed Rs 7.52 billion agreement for 106MW Golen Gol Lot-II Hydropower Project at Wapda House here Monday. Wapda GM (North) Projects Fazal-e-Mabood and SAMBU Board of Representatives Chairman Oh Sung Hoon signed the agreement on behalf their respective sides. Golen Gol Lot-II involves construction of diversion weir, intake, gravel trap, sand trap, headrace tunnel, pressure shaft, pressure tunnel and roads. The construction work of Wapda offices and colonies for the project is at the advance stage of completion. On this occasion, WAPDA Member (Water) Syed Raghib Abbas Shah dilated upon the significance of the Project and hoped that joint venture would complete the works in accordance with schedule. The Golen Gol Hydropower Project is a part of least-cost energy generation plan, being executed by Wapda on priority basis to harness the indigenous hydropower resources of the country with a view to improving the ratio of hydel electricity in the National Grid, he added. The project is located on the River Golen Gol, a major tributary of the River Mastuj in Chitral district of Khyber Pakhtunkhwa about 380 kilometres from Islamabad. On its completion, the project would generate about 436 million units of electricity (Gwh) to earn revenue of about Rs 1b annually.