Chinese company to invest $2.4 bn in CPEC Kohala Hydel Project

The government of Azad Jammu and Kashmir, and Chinese Three Gorges Company have signed agreements related to 1124 megawatt Kohala Hydel Power Project- Implementation and Water Usage.

The project would attract a foreign investment of 2.4 billion dollars under the umbrella of China Pakistan Economic Corridor.

This was announced by CPEC Authority, Chairman, Lieutenant General (R) Asim Saleem Bajwa, on his Twitter handle.

Federal Minister of Energy Hammad Azhar, AJK Prime Minister Raja Farooq Haider and others officials were present on the occasion of signing ceremoney.

The Kohala Hydropower Project is a proposed run-of-the-river, high head project, located near Kohala, in Azad Kashmir.

Source: Radio Pakistan