Chinese power firm in Pakistan faces problems, delays in tax exemption
Karot Power Company Ltd (KPCL), a special purpose vehicle (SPV) executing the hydropower project on the Jhelum River on a build-own-operate-transfer (BOOT) basis with the Chinese power company said that it has been facing serious problems and delays in obtaining advance tax exemption orders at import stage from the Federal Board of Revenue (FBR) for the last few months.
ANI | Lahore | Updated: 04-08-2021 09:37 IST | Created: 04-08-2021 09:37 IST
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Karot Power Company Ltd (KPCL), a special purpose vehicle (SPV) executing the hydropower project on the Jhelum River on a build-own-operate-transfer (BOOT) basis with the Chinese power company said that it has been facing serious problems and delays in obtaining advance tax exemption orders at import stage from the Federal Board of Revenue (FBR) for the last few months. In a letter to China-Pakistan Economic Co
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88% work on first CPEC hydropower project completed: Asim Bajwa
720MW Karot Hydropower Project is expected to be completed by April 2022, says CPEC chief
A view of the Karot Hydropower Project. PHOTO: TWITTER/@AsimSBajwa
China Pakistan Economic Corridor (CPEC) Authority Chairman Lt Gen (retd) Asim Saleem Bajwa on Wednesday said that the 88 per cent work on 720-megawatt Karot Hydropower Project CPEC s first hydropower project has been completed.
Located on the Jhelum River on the boundary between Punjab and Azad Kashmir, the project is expected to be completed by April 2022, Bajwa wrote on his official Twitter handle.
#CPEC: 720 MW Karot Hydropower Project (1st CPEC Hydropower Project), Investment $ 1720 M,88% work been completed, expected completion April 2022. Current local direct employment 5000. Location River Jehlum (Punjab/ AJK)#cpecmakingprogress#PakistanMovingForwardpic.twitter.com/szqU0k9zCB