China to hasten work on $2 bn Karot project that India has objected to.

China to hasten work on $2 bn Karot project that India has objected to.

China plans to complete ahead of schedule a USD two billion hydropower project in Pakistan-occupied Kashmir (PoK) to ease energy crisis in Pakistan. Karot Hydropower Project is being built on Jhelum river on “Build-Own-Operate-Transfer” basis for 30 years. It will be owned by the Chinese company for 30 years, after which ownership will be turned […]

Pakistan’s 720MW hydro project secures funding.

Pakistan’s 720MW hydro project secures funding.

A 720MW hydropower project in Pakistan has secured its last $100 million (£82.36m) of funding. IFC, a member of the World Bank Group, provided the finance to the $1.7 billion (£1.4bn) Karot hydropower development on the Jhelum River, which aims to address severe power shortages and spur growth across the nation. Karot is one of the largest private sector renewable energy projects in the country and has […]

Three hydropower projects in the pipeline for AJK.

Three hydropower projects in the pipeline for AJK.

Three major hydropower projects are being executed at a fast pace in Azad Jammu and Kashmir (AJK) to provide cost-effective electricity to people. According to a report quoting Additional Chief Secretary Dr Syed Asif Hussain, Kohala, Karot and Mahal hydropower projects have been included in China-Pakistan Economic Corridor (CPEC). He said Kohala project, being constructed […]