Featured Asim Bajwa says Kohala, Azad Pattan power projects to attract $4 billion investment

[ghazi52]

July 10, 2020

Asim Bajwa says Kohala, Azad Pattan power projects to attract $4 billion investment

Chairman China Pakistan Economic Corridor (CPEC) Authority Lt Gen (retd) Asim Saleem Bajwa said Friday that the Kohala Power and Azad Pattan power projects will generate 8,000 jobs and an investment of $4 billion over the years.

SAPM Bajwa tweeted that Azad Jammu and Kashmir Prime Minister Raja Farooq Haider, CEOs of China Three Gorges and China Gezhouba visited him separately to thank the CPEC Authority for helping realise the projects and further improve coordination for execution of it.

Asim Saleem Bajwa

@AsimSBajwa
·
PM AJK & CEOs of China Three Gorges & China Gezhouba visited separately to thank CPEC Authority for helping realise Kohala Power&Azad Pattan power Projects & further coord for their execution.$4 Bn Investment,1800 MW cheaper Hydel power with 8000 jobs. #cpec #CPECMakingProgress





Azad Pattan project to involve no fuel import

Earlier this week,Pakistan and China signed an agreement for the construction of the Azad Pattan hydel power project as part of the CPEC project.

PM Imran witnessed the signing of the agreement with China Gezhouba at a ceremony in Islamabad. With an investment of 1.5 billion dollars and 700.7 megawatts of electricity, the Azad Pattan project will involve no fuel import, enabling the country to move towards cheaper and greener power generation while creating local job opportunities.

The project is located at River Jhelum roughly 7km upstream of Azad Pattan Bridge in the Sudhanoti District of Azad Kashmir and is expected to be completed in 2026.

While last month, a tripartite agreement was signed on Thursday between a Chinese company and the governments of Pakistan and China for construction of a 1,124 megawatt hydropower project in Kohala costing $2.4 billion.

The hydropower plant, being built on Jhelum River in AJK under CPEC, has been awarded to Kohala Hydropower Company Ltd (KHCL), which is a subsidiary of China Three Gorges Corporation (CTGC).

 

[Hakikat ve Hikmet]

CPEC now looks like a military ops...

One of my close relatives was a high ranking military official. He used to have the "rough copies" of the operational maps hanging beside his bed....

 

[Unite & Defend]

Looks like they have stopped pussy-footing around with progress now.

 

[Dalit]

Looks like they have stopped pussy-footing around with progress now.

About time too. I hate it when progress is slowed down. It is a good thing the armed forces have taken over this project. The civilians just weren't doing their job. One can already gauge the level of rejuvenation.

 

[ghazi52]

 

[ghazi52]

700MW Azad pattan hydropower_project nears financial close.

Pakistan and China have step another step towards achieving the financial close of the 700MW Azad Pattan Hydropower Project, which is part of the China-Pakistan Economic Corridor (CPEC), by signing more agreements in this regard on Tuesday.

“The project agreements namely ‘GoAJ&K Implementation Agreement’ and ‘GoAJ&K Water Use Agreement’ were signed by Azad Jammu Kashmir Power Secretary Zafar Mahmood Khan and Azad Pattan Power Private Limited CEO Li Xiaotao,” a statement issued by the Ministry of Energy on Tuesday read. “With an investment of over $1.35 billion, the Azad Pattan project won’t be relying on imported fuel, enabling the country to move towards cheaper and greener power generation.”

AJK Prime Minister Raja Farooq Haider Khan, Federal Power Minister Omer Ayub Khan, Planning Minister Asad Umar, CPEC Authority Chairman Lt Gen (r) Asim Saleem Bajwa, AJK Chief Secretary Dr Shahzad Khan Bangash and Private Power and Infrastructure Board (PPIB) Managing Director Shah Jahan Mirza were also present on the occasion.

As per the statement, today’s development will further pave the way for achievement of financial close of the project.

Earlier, a Letter of Support (LOS) was issued by PPIB to Azad Pattan HPP, which is a Run-off-the River Scheme on River Jhelum located at dual boundary between AJ&K (District Bagh) and Punjab (District Rawalpindi). China Gezhouba Group and Laraib Group Pakistan are the shareholders of the project.

The consortium of lenders consists of China Development Bank, China Construction Bank, Industrial & Commercial Bank of China and Bank of China. Azad Pattan Project is being implemented by PPIB.

Moreover, after completion of construction work, tourism activities around reservoir/lake and water sports, fishing etc. are also associated avenues for earning valuable revenue.