88 percent work on first CPEC Karot Hydro Power Project completed
Asim Saleem Bajwa, chairman of the China-Pakistan Economic Corridor Authority (CPECA), said on Wednesday that 88 percent of the work on the Karot hydropower project had been completed. Mr. Bajwa, who shared details of the Karot Hydropower Project via Twitter, said the project cost $1,780 million and employed 5,000 locals directly during construction. .
The 720MW Karot hydropower project was supposed to be finished by 2020. It has the capacity to provide the national grid with 3.249 billion units of renewable energy per year.
Karot Power Company Private Ltd, comprised of M/s Three Gorges South Asia Investment Ltd and Associated Technologies (Pvt) Ltd of Pakistan, is developing the project on a Build-Own-Operate and Transfer (Boot) basis at a projected cost of $1.98 billion, including a production cost of $1.698 billion and interest during construction of $243 million.
The project is being built near the village of Gohra on a concrete gravity dam that is 91 meters high and has a crest length of 320 meters. The reservoir at the dam would have a capacity of 152 million cubic meters and a length of 27 kilometers. Around 72 homes and 58 businesses were supposed to be relocated as a result of the project, which also included the relocation of 2.8 kilometers of the Karot-Kotli road and 8.9 kilometers of the Azad Pattan-Kahuta road.