ISLAMABAD: The Economic Coordination Committee (ECC) meeting chaired by Advisor to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh, approved the development of Kohala and Azad Pattan hydroelectric power projects, worth almost $3.758 billion under the China-Pakistan Economic Corridor (CPEC).
The implementation agreement on Kohala and Azad Pattan was signed in the Cabinet Committee on Energy, which was led by Planning Minister Asad Umar.
The Kohala Hydropower Company Private Limited (KHCL) will establish the 1,124MW Kohala hydroelectric power project estimated at $2.4 billion, on the Jhelum River in Azad Jammu and Kashmir (AJK). The project is sponsored by China Three Gorges Corporation, International Finance Corporation (IFC) and Silk Road Fund. The project’s average 30-year tariff has been estimated at 7.85 cents per unit.
Similarly, the 700MW Azad Pattan hydroelectric power project, sponsored by China Gezhouba Group Company (CGGC) will be developed by the Azad Pattan Power Private Limited (APPL) on the dual boundary between Rawalpindi district (Punjab) and Sudhnoti district (AJK). The estimated cost of the project is $1.35 billion, with the 30-year tariff estimated at 7.07 cents per unit.
The Private Power & Infrastructure Board (PPIB) will establish the approved project on a built, own, operate and transfer basis.
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