Pakistan's Private Power and Infrastructure Board has signed an agreement with the Karot Power Co. Ltd. for the development and operation of the 720-MW Karot hydropower plant.
The run-of-river project is to be located on the Jhelum River along the China-Pakistan Economic Corridor east of Islamabad.
The plant is being developed by Karot Power, which includes China Three Gorges-subsidiary Three Gorges South Asia Investment Ltd. and Associated Technologies Ltd. of Pakistan.
HydroWorld.com reported last May that Karot Power had awarded a contract to Yangtze Three Gorges Technology & Economic Development Co. and the China Machinery Engineering Corp. an engineering, procurement and construction contract for the project.
Work on the Karot facility was expected to start by the end of last year, with completion by 2020. Energy generated at the plant will be sold to the National Transmission and Dispatch Company under a 30-year power purchase agreement.
Construction on the plant is expected to begin by the end of the year, with completion scheduled for 2020.
The project is being developed under the Power Policy 2002 on a build-own-operate-transfer basis, with an expected concession period of about 35 years, which includes the construction period of five years and the operation period of 30 years.
The site started to be investigated for development in 2006, at a capacity of 240 MW.
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