Daily Times
China Pakistan Economic Corridor (CPEC) Authority Chairman Asim Saleem Bajwa said on Wednesday that about 88 percent of the work on the Karot Hydropower Project has been completed.
In a tweet, he said that the hydropower project, which is being built on the River Jhelum, is the first of its kind under the CPEC and is expected to be completed in April 2022. Sharing the details, he said that the investment in it amounted to 1,780 million dollars while 5,000 local people were directly employed for its construction.
Initially, it was expected that the 720-megawatt Karot project might be completed in 2020. It will have capacity to generate 3.249 billion units of clean electricity per year for the national grid. The project is being developed on a build-own-operate and transfer (BOOT) basis at an estimated cost of $1.98 billion.
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
KARACHI, May 9 (Gwadar Pro)- China-Pakistan Economic Corridor (CPEC) Authority Chief Lt. General Asim Saleem Bajwa (retd) said Pakistan will start reaping the benefits of the second phase of CPEC in the form of industrial and agricultural development in addition to a better road connectivity.
“Several roads under CPEC are in their final phase expected to be inaugurated in 2021 and after their completion, locals will experience better connectivity, and business opportunities in the country will increase,” Bajwa said in a statement on Friday afternoon.
Bajwa said that the second phase of CPEC will contribute to poverty alleviation and Gross Domestic Product (GDP) growth in Pakistan.
ISLAMABAD, May 6 (Gwadar Pro) - China-Pakistan Economic Corridor (CPEC) is developing Gilgit Baltistan and giving it a modern look, Gilgit Baltistan Chief Minister Muhammad Khalid Khurseed said on Wednesday afternoon.
In a meeting with Federal Minister for Finance and Revenue Shaukat Tarin here, the CM said with help of Iron Brother China and Pakistan’s federal government, GB will make steady progress.
The Chief Minister GB and his team also discussed budget proposals during the meeting, said an official statement.
While appreciating the active participation of the federating units, the Finance Minister reiterated that the consultative process for Budget making process will bring out positive outcomes and lead the way for concerted efforts towards all-inclusive growth, the statement said.
Climate change can be alleviated under CPEC
National
May 4, 2021
BEIJING: Climate change can be alleviated under China, Pakistan Economic Corridor (CPEC), said Shen Lei, the executive secretary of China Society of Natural Resources (CSNR), a scholar of Chinese Academy of Science (CAS) in an interview to Gwadar Pro.
He said, “Pakistan has committed more than its share on climate change.” At the world leaders’ climate summit on April 22, Malik Amin Aslam, assistant to the prime minister of Pakistan on climate change, promised a 60% clean energy share by 2030.
“The target is higher than expected. But, according to Shen Lei, under the CPEC, it is entirely possible for Pakistan to achieve this goal with the support of technology, investment and equipment,”that, “in the process of achieving carbon neutrality, Pakistan should strengthen energy and economic cooperation under CPEC.”