The contract to build Kohala Hydropower Project (KHPP) along Neelum-Jhelum river, has been awarded to China Three Gorges Corporation (CTGC).
The company is set to complete the 1,124 MW project over a period of six and a half years.
Being built with an estimated cost of $2.7 billion, KHPP is the largest hydropower project of Kohala Hydro Company.
The private sector is building the project under a build-own-operate-transfer (BOOT) model. It shall be transferred free of cost to the AJK government after 30 years.
The KHPP will not only cater to the power requirements of the region but will also create thousands of jobs and will stimulate the slow economy of Azad Jammu & Kashmir.
The authorities are relieved that the project is in good hands as CTGC – the parent company of KHCL – is a world leader in hydropower development. The company has the most advanced and scientific ecological concept in hydropower project design and development in compliance with international standards.