Karot Hydropower Project to be completed by early 2021

886

ISLAMABAD, Sep 24 (APP): The China Pakistan Economic Corridor
(CPEC) project of Karot Hydropower Station is expected to be
completed by early 2020, around nine months ahead of its completion
date of December 2021, official sources said.
Roughly 25 per cent civil works of the project with installed
capacity of 720 MW has already been completed and work on the
remaining parts of the project is underway.
According to sources in Planning ministry, the project is
being constructed at river Jehlum with an estimated cost of
US $1420 million.
Financial close of the project was achieved in February, 2017
while land acquisition award has also been done.
Similarly, work for the construction of access roads, bridges,
concrete batching plant, diversion tunnel and spillway is in
process, the sources added.
The Karot Hydropower Project is a 720MW run-of-river project
to be built on the Jhelum River, and is being developed by Karot
Power Company (KPCL), a special purpose vehicle in which China Three
Gorges South Asia Investment (CSAIL) also holds a shares.
The hydropower project (HPP) will have a reservoir storage
capacity of 164.5m and is expected to create employment for
3,500 people, approximately 85 per cent comprising local citizens.
The Karot Hydropower Project will help to improve the
dependability of the energy supply in the region by providing up to
3436 GWH of electricity per annum, the sources added.
Moreover, the project would also help the government to
produce affordable, reliable, and clean energy for a longer period
as all the energy generation methods are costly, whereas with Karot
Hydropower Project; electricity will be generated at lower costs in
comparison with other power generation technologies.
“In today’s age when Wind and Solar power generation
technologies are still unable to produce cost effective energy,
hydro power is still the most cost effective and suitable power
generation technology available,” the source said.
With the passage of time power generation costs will be
reduced and ultimately, consumers will benefit from this lower
cost and more affordable electricity.