A Chinese Company China Three Gorges Corporation (CTGC) has been awarded the contract to build Kohala Hydropower Project (KHPP) along Neelum-Jhelum river.
The Chinese company will build the 1,124 MW project in a time period of six and a half years.
The estimated cost of the project is $2.7 billion. Kohala Hydro Company will built the largest hydropower project KHPP.
The project will be built by the private sector under the build-own-operate-transfer (BOOT) model. After 30 years, it will be transferred free of cost to the AJK government.
This project will not just try to resolve the power requirement of the area but it will also create job opportunities. Furthermore it will boost the Azad Jammu & Kashmir economy.
It is relief for the authorities that this project is in hands of CTGC that is the parent company of KHCL. The company is a global leader in hydropower development. It has the most developed scientific ecological concept in hydropower project design and it complies with global standards.