Insta
China To Speed Up Construction Of Power Project In Pakistan-Occupied Kashmir
Swarajya Staff
Oct 17, 2017, 05:31 PM | Updated 05:30 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
China plans to complete ahead of schedule a $2 billion hydropower project in Pakistan-occupied Kashmir to ease energy crisis in Pakistan.
Karot Hydropower Project is being built on Jhelum river on “Build-Own-Operate-Transfer” basis for 30 years. It will be owned by the Chinese company for 30 years, after which ownership will be turned over to the government of Pakistan.
Karot Power Company Limited, a subsidiary of China Three Gorges South Asia Investment, owns the Karot Power Station, state-run Global Times reported.
The company said in a statement that the project will help ease Pakistan’s power shortage and generate local employment. The report has not mentioned the new timeline for the project.
Karot Power Station has a capacity of 720 megawatts and China Three Gorges South Asia Investment has other power projects in Pakistan, including hydro, wind and solar power, which would largely solve Pakistan’s problem, it said.
“India has repeatedly expressed its concern over the project since the project is located in disputed Kashmir, but it won’t affect cooperation between China and Pakistan, because the ties are unshakable and will not target India,” the daily quoted Hu Zhiyong, a research fellow at the Shanghai Academy of Social Sciences’ Institute of International Relations.
“With China’s support and assistance, Pakistan’s power shortage will very likely be solved by 2025, which means a main obstacle to Pakistan’s economic development will be removed,” Hu said. (PTI)
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.