'Historic' tripartite agreement for Kohala Hydel Power Project to be inked today
June 25, 2020
Special Assistant to Prime Minister (SAPM) on Information Lt Gen (r) Asim Saleem Bajwa on Thursday announced that the tripartite agreement signing ceremony for Kohala Hydel Power Project will be held today.
Taking to Twitter, SAPM Bajwa said that today is a 'historic day' since the hydel power project is the largest power sector investment of $2.4 billion in a single Independent Power Producer (IPP).
"With PM Imran’s clear direction to expedite CPEC projects, all stakeholders worked hard to bring this day," read the tweet.
The work on China-Pakistan Economic Corridor (CPEC) funded Kohala Hydropower Project has been in jeopardy since last year as the Chinese contractor has been demobilised following a controversy over downstream environmental flows.
The 1,124MW (megawatt) Kohala Hydropower Project, being built on Jhelum River in Azad Kashmir under CPEC, has been awarded to Kohala Hydropower Company Ltd (KHCL), which is a subsidiary of China Three Gorges Corporation (CTGC).
