ISLAMABAD – Construction of the Karot hydropower project in Pakistan willbe completed in two years and start power generation by April 2021, ChinaDaily reported on Wednesday, citing the developer China Three Gorges Corp.
The project, with a total investment of $1.74 billion, will solve the powersupply bottleneck in Pakistan and provide sustainable and stable energysupport.
When completed, the 720-megawatt project that commenced construction in2015 will annually produce some 3.2 billion kilowatt-hours of clean power,equivalent to 10 per cent of Pakistan’s total energy output from hydropowerstations in 2017, said the report.
Being the first investment project of the Silk Road Fund, the hydropowerproject will pay $23 million in taxes to the Pakistani government andprovide more than 2,200 jobs for locals during the peak constructionperiod, the paper reported.
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While Pakistan has limited capital to develop its rich hydropowerresources, the cooperation of Pakistan and China, a world leader inhydroelectricity generation, will benefit both sides, Zhang Boting, asenior analyst at the China Society for Hydropower Engineering, was quotedas saying.
