These four projects will add 3,428 MW of eco-friendly electricity to the national grid and create thousands of new jobs, CPEC Officials.
Islamabad: These projects will also create vast employment opportunities for millions of people. In the first phase, nine coal energy projects have reached completion, which is adding 5,320 MW of electricity to the national grid to control load shedding.
CPEC Authority officials told the state-run news agency APP that the first of four hydropower projects is the $1.7 billion Krut hydropower project, which will join the grid this year and will generate 720 MW of cheap electricity.
The second project is the $2 billion Suki Kanari hydropower project, which will add 884 MW to the national grid by next year.
The third project is the $ 1.5 billion Azad Patan Hydropower Project, which will add 700 megawatts of electricity to the national grid by 2026.
The fourth project is the $2.5 billion Kohala Hydropower Project, which will add 1,124 MW to the national grid by 2027. In the next six years, 3,428 MW of hydropower projects will be completed at a cost of $7.7 Billion.
Completion of these projects will provide affordable and environmentally-friendly hydropower in the country. Officials said CPEC is not only helping the country meet its electricity needs but also helping to balance energy demand and supply and reduce dependence on imported fuel.
Under the CPEC, the Krut hydropower project will generate 720 megawatts of electricity at a cost of $ 1.74 billion, the completion of which will ensure a clean and green energy supply to a population of 5 million and 4500 people will get employment opportunities.
Similarly, the 1124 MW Kohala Hydropower Trilateral Project in Azad Jammu and Kashmir has been successfully signed under CPEC. The project will help revive the construction sector and related industries and provide employment to 5,000 people.
This $د2.4 billion investment is the largest in any IPP project in Pakistan and Azad Kashmir. The project will provide five billion units of clean and affordable electricity annually to consumers in Pakistan and Azad Kashmir.
The Azad Patan hydropower project is part of the CPEC, which will cost $.1.5 billion and generate more than 700 megawatts of electricity. The project is located on the Jhelum River and is expected to be completed in 2026.
Work is underway day and night on the 847 MW Suki Kinari hydropower project in Khyber Pakhtunkhwa (KPK). The $.پر 1.96 billion projects to be built on the Kunhar River will create 4,250 jobs. Despite the epidemic, the project will be completed in 2022.