ISLAMABAD: China Three Gorges South Asia Investment Limited will installed three power projects of 820- megawatt with cost of two billion dollars and accord with Pakistan government has been inked second phase of a 100MW wind power project.
Rrepresentatives of China Three Gorges South Asia Investment, Private Power and Infrastructure Board (PPIB) and Alternative Energy Development Board (AEDB) inked agreements at a ceremony. Minister of Water and Power Khawaja Muhammad Asif was also present.
The levellised tariff of Karot hydroelectric power project, costing $1.7 billion, is Rs7.68 per unit. The wind power project will cost $250 million, taking total cost of the two schemes to around $2 billion. Both fall in the priority list of projects of the China-Pakistan Economic Corridor (CPEC).
The Karot project is located on Jhelum River and it is the fourth among five hydroelectric power projects to be developed along the river.
Its installed capacity will be 720MW – four units of 180MW each – with average annual output of 3,206 gigawatt-hours.
As a single power generation complex, the project’s structure layout includes a rock-filled dam, spillway, powerhouse, diversion tunnels, head-race power tunnels and tail-race tunnel end.
The project’s first unit will start power generation in 2020 and it will come online prior to the deadline. The Chinese company had started work one year ago from its equity financing.
Talking to media, on the occasion, Khawaja Asif said that generation of power through water and air was beg step towards mix energy and will play vital role to overcome shortfall of energy in the country.