AIRLINK 199.00 Increased By ▲ 1.03 (0.52%)
BOP 9.94 Decreased By ▼ -0.10 (-1%)
CNERGY 7.20 Decreased By ▼ -0.09 (-1.23%)
FCCL 37.66 Increased By ▲ 1.66 (4.61%)
FFL 16.70 Decreased By ▼ -0.21 (-1.24%)
FLYNG 27.15 Increased By ▲ 2.11 (8.43%)
HUBC 134.91 Increased By ▲ 0.88 (0.66%)
HUMNL 14.04 Decreased By ▼ -0.10 (-0.71%)
KEL 4.75 Decreased By ▼ -0.03 (-0.63%)
KOSM 6.77 Decreased By ▼ -0.17 (-2.45%)
MLCF 45.85 Increased By ▲ 0.87 (1.93%)
OGDC 216.79 Decreased By ▼ -1.44 (-0.66%)
PACE 6.94 No Change ▼ 0.00 (0%)
PAEL 40.90 Decreased By ▼ -0.52 (-1.26%)
PIAHCLA 17.00 Increased By ▲ 0.14 (0.83%)
PIBTL 8.37 Decreased By ▼ -0.09 (-1.06%)
POWER 9.37 Decreased By ▼ -0.02 (-0.21%)
PPL 184.35 Decreased By ▼ -1.58 (-0.85%)
PRL 41.38 Increased By ▲ 0.11 (0.27%)
PTC 24.85 Increased By ▲ 0.08 (0.32%)
SEARL 103.90 Decreased By ▼ -0.75 (-0.72%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SSGC 40.55 Decreased By ▼ -0.36 (-0.88%)
SYM 17.75 Decreased By ▼ -0.30 (-1.66%)
TELE 8.79 Decreased By ▼ -0.12 (-1.35%)
TPLP 12.67 Decreased By ▼ -0.17 (-1.32%)
TRG 66.30 Decreased By ▼ -0.30 (-0.45%)
WAVESAPP 11.22 Decreased By ▼ -0.08 (-0.71%)
WTL 1.74 Decreased By ▼ -0.04 (-2.25%)
YOUW 3.99 Decreased By ▼ -0.01 (-0.25%)
BR100 12,088 Decreased By -21 (-0.17%)
BR30 36,531 Decreased By -66.6 (-0.18%)
KSE100 114,636 Decreased By -406.1 (-0.35%)
KSE30 36,051 Decreased By -148.7 (-0.41%)
Pakistan

China races to complete Karot Hydropower Project ahead of schedule

BEIJING: China is racing to complete the Karot Hydropower Project located on the Jhelum River on the boundary betwee
Published September 21, 2017

BEIJING: China is racing to complete the Karot Hydropower Project located on the Jhelum River on the boundary between Punjab province and Azad Kashmir ahead of schedule.

"Construction on the power station is "set to finish nine months ahead of its December 2021 completion date." Hydropower construction involves a considerable range of issues such as relocation of people. The shortened construction period suggested the project has gained understanding, support and trust from local authorities and the people, Global Times reported quoting Bloomberg on Thursday.

In recent years, Pakistan has faced intermittent power outages of up to 18 hours a day. Power shortages coupled with high electricity rates hobbled.

The Karot project's installed capacity is 720 megawatts. Additionally, hydropower is the cheapest source of electricity for Pakistan. The project can tangibly benefit the country's economy, which is why it can gain support from local people.

The hydropower plant has long been seen by some observers as a flagship project of the China Pakistan Economic Corridor (CPEC).

By financing the project, China can gain experience that may help future efforts by China to invest in the region.

According to a report, three major hydropower projects, including the Karot station, have been included in the CPEC. It said that those projects "are being executed at a fast pace in Azad Kashmir to provide cost-effective electricity to people."

Copyright APP (Associated Press of Pakistan), 2017

Comments

Comments are closed.