ISLAMABAD: Chairman China-Pakistan Economic Corridor (CPEC) Authority Asim Saleem Bajwa has said that 88 percent of the work on the Karot Hydropower Project has been completed.
On a social media website Twitter, Asim Saleem Bajwa said the hydropower project — the first of its kind under the CPEC — is expected to be completed in April 2022 and is being built on the River Jhelum.
#CPEC: 720 MW Karot Hydropower Project (1st CPEC Hydropower Project), Investment $ 1720 M,88% work been completed, expected completion April 2022. Current local direct employment 5000. Location River Jehlum (Punjab/ AJK)#cpecmakingprogress #PakistanMovingForward pic.twitter.com/szqU0k9zCB
— Asim Saleem Bajwa (@AsimSBajwa) May 12, 2021
Sharing the further details of the Karot Hydropower Project, he said the investment in it amounted to $1,780 million while 5,000 local people were directly employed for its construction.
The 720-megawatt Karot Hydropower Project was initially due to be completed in 2020. It has the capability to generate 3.249 billion units of clean electricity per year for the national grid.
The project is being developed on a Build-Own-Operate and Transfer (BOOT) basis at an estimated cost of $1.98bn including a development cost of $1.698bn and interest during construction of $243m by Karot Power Company Private Ltd, comprising of M/s Three Gorges South Asia Investment Ltd (TGSAIL) and Associated Technologies (Pvt) Ltd of Pakistan.
Earlier, Asim Saleem Bajwa had said the work on the Eastbay Expressway Gwadar project is in the final stage and it would be completed by October this year.
On a social media website Twitter, Asim Bajwa said the 14.5 kilometers offshore expressway has already been completed while the remaining 4.5 KM onshore road is under construction and 92 percent of work has been completed.
The Expressway will connect the port with the second phase of the Free Trade Zone which will facilitate the business climate of the zone and the port alike, Chairman CPEC Authority added.
#CPEC: Eastbay Expressway Gwadar: 19km (14.5 offshore completed & 4.5 onshore under construction.
2000 direct jobs. Progress-92%.
Completion Oct 2021.#CPECMakingProgress #PakistanMovingForward pic.twitter.com/BB7pXOtL0O— Asim Saleem Bajwa (@AsimSBajwa) May 2, 2021
