A year ago in November, Pakistan and China consented to incorporate 700 megawatts Azad Pattan hydropower project under the CPEC. Which is to be financed through Chinese currency.
The project would convey around 3.3 billion units of perfect, renewable energy in the system after its finishing in 2026.
Pakistan and China signed an agreement for the development of $1.5 billion Azad Pattan Hydro Power Project, Chairman CPEC Authority Asim Saleem Bajwa said on Monday.
PM Imran Khan attended the signing function. He said the China-Pakistan Economic Corridor ‘CPEC’ project will end up being an achievement in the nation’s growth and success.
He said Pakistan could know so much from China in fields of financial advancement and flourishing as the nation was quick rising as world economic force.
PM Imran said it was a part of the part of the investment to a complete power project dependent on the clean energy.
Not at all like past, the project would not trouble the individuals, he said and referenced the past governments’ expensive tasks which were made useful with imported fuel, although expanding the expense of energy complex and local currency
The PM said because of those approaches, the power business ran into loses affecting the buyers.
He regretted that the nation couldn’t engaged with its neighboring nations as far as producing the low cost energy.
He said the hydro-power generation was considered as a major project of clean energy which was additionally in accordance with his administration’s arrangement of ‘Clean and Green Pakistan’ and viewed as environment friendly.
At the same time, Lt Gen ‘retd’ Bajwa said 3000 jobs would be made through the super project and it would give a yearly salary of Rs1.38 billion to Punjab and Azad Kashmir from water use.
He included, with a project of $1.5 billion, no fuel import, we are going towards less expensive and greener power.
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