Chinese company Three Gorges Corporation (CTG) is actively working on installing six new power projects in Pakistan which would have combined capacity of generating 2733MW, said Sheng Zhendong, the company’s senior official.
The projects are 720MW Karot hydropower project, 1123MW Kohala Hydropower project, 640MW Mahl Hydropower project, 49.5MW first wind power project, 99MW second wind power project, and 100MW first solar PV project. The cost of all these projects would be $6 billion, However, Karot power project would be on the priority list because it comes under CPEC projects—according to BRecorder.
The company is not only installing the power plants in Pakistan but it is also involved in developing the whole mechanism and solution for generating clean energy in Pakistan. The corporation will conduct scientific research design, cascade development, Indus River Basin Planning and will become a provider of whole industry chain solution, said the official in an interview with the reporter.
The Karot Hydropower project which is located on Jhelum River east of Islamabad is at top most priority currently, the construction on this project was started back in 2015, the project would be up running by 2020.
The projects are being developed on BOOT, Build-Own-Operate-Transfer basis which will have concession periods of 35 years including 5 years of construction.
In a long-run, the corporation will focus on investing in more hydropower projects on Indus river upstream. These projects will include 2300MW Pattan hydropower station, 4000MW Thakot hydropower station and 4500MW Diamer Basha hydropower station with a combined capacity of 10.8GW.