$1.5bn pact for Azad Pattan hydel power project signed

Our Correspondent

 

ISLAMABAD: Prime Minister Imran Khan has said that China-Pakistan Economic Corridor (CPEC) project will prove to be a milestone in the country’s development and prosperity.

The Prime Minister said this while addressing the signing ceremony of an agreement for construction of Azad Pattan Hydel Power Project here on Monday. As part of the CPEC, Azad Pattan Hydel Power Project envisages an investment of $1.5 billion. It will produce 700.7 megawatts of electricity without involving fuel import, enabling the country to move towards cheaper and greener power while generating local job opportunities. He project is signed with China Gezhouba. The project is located at River Jhelum and is expected to be completed in 2026.

The Prime Minister said that China is emerging as an economic power on the world’s map and Pakistan can learn a lot from its development. He said that CPEC is the future of Pakistan.

Earlier, Chairman CPEC Authority Asim Saleem Bajwa said in a tweet that

Pakistan and China will sign an agreement on Monday for construction of Azad Pattan Hydel Power Project.

In a tweet, Asim Saleem Bajwa said that this project, another milestone under the CPEC, envisages an investment of $1.5 billion. He added, “We move towards cheaper and greener power.”

Separately, Prime Minister Imran Khan Monday commended the pace of work on hydropower projects being completed in Khyber Pakhtunkhwa.

In a Facebook post, the Prime Minister said that 36 Megawatt Daral Khwar hydropower project located on main Madain-Kalam Road in Swat was started by PTI government in Khyber Pakhtunkhwa. He said the project has exceeded its annual generation target until last month.

Similarly, work on 40MW KOTO Hydropower Project under construction by Pakhtunkhwa Energy Development Organization is being completed by next year. The Prime Minister in his Facebook post also mentioned the under construction 1124MW Kohala Dam which is expected to be completed by 2025-26 and 800MW Mohmand Dam Project being completed by 2024-25. Both projects will also help increase water storage capacity of the country, said the Prime Minister.