Special Assistant to Prime Minister on Information Lt Gen (r) Asim Saleem Bajwa revealed on Thursday that the tripartite agreement signing ceremony for Kohala Hydel Power Project will be held today.
SAPM Bajwa said that it was a “historic day” as it 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 stake holders worked hard to bring this day,” tweeted SAPM Bajwa on Thursday.
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 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).