In a recent development, the govt of Azad Jammu and Kashmir has signed an agreement with Azad Pattan Power Private Limited for construction of 700.7 MW Azad Pattan Hydropower project as part of the China-Pakistan Economic Corridor (CPEC).
The project is expected to be completed with an investment of $ 1.35 billion. The project agreements comprising GoAJ&K Implementation Agreement (GoAJ&K IA) and GoAJ&K Water Use Agreement (GoAJ&K WUA) were signed by Zafar Mahmood Khan, Secretary Electricity AJ&K and Li Xiaotao, CEO of Azad Pattan Power Private Limited.
The participants of the signing ceremony appreciated the efforts of PPIB for efficient processing of hydropower projects including the Azad Pattan Hydropower Project. Azad Pattan hydropower project is a part of four hydropower projects being processed by PPIB under the CPEC banner out of which 720 MW Karot and 884 MW Suki Kinari hydropower projects are under construction while 1124 MW Kohala project is under process for Financial Closing
