{"id":10653,"date":"2021-05-12T13:49:34","date_gmt":"2021-05-12T13:49:34","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=10653"},"modified":"2021-05-12T13:49:34","modified_gmt":"2021-05-12T13:49:34","slug":"88pc-work-on-first-cpec-hydropower-project-completed-asim-bajwa","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2021\/05\/12\/88pc-work-on-first-cpec-hydropower-project-completed-asim-bajwa\/","title":{"rendered":"88pc work on first CPEC hydropower project completed: Asim Bajwa"},"content":{"rendered":"<p>Chairman of the China-Pakistan Economic Corridor (CPEC) Authority Asim Saleem Bajwa shared on Wednesday that 88 per cent of the work on the Karot Hydropower Project has been completed.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-10655\" src=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/05\/88pc-work-on-first-CPEC-hydropower-project-completed-Asim-Bajwa-rapidnews.jpg\" alt=\"88pc-work-on-first-CPEC-hydropower-project-completed-Asim-Bajwa-rapidnews\" width=\"700\" height=\"400\" srcset=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/05\/88pc-work-on-first-CPEC-hydropower-project-completed-Asim-Bajwa-rapidnews.jpg 700w, https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/05\/88pc-work-on-first-CPEC-hydropower-project-completed-Asim-Bajwa-rapidnews-300x171.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>The hydropower project \u2014 the first of its kind under the CPEC \u2014 is expected to be completed in April 2022 and is being built on the River Jhelum, he said.<\/p>\n<p>Sharing the details of the Karot Hydropower Project in a tweet, Bajwa said the investment in it amounted to $1,780 million while 5,000 local people were directly employed for its construction.<\/p>\n<div class=\"template__main clearfix modifier--open px-1 w-full sm:w-2\/3 mx-auto\">\n<div class=\"story__content overflow-hidden text-4 sm:text-4.5 pt-1 mt-1\" dir=\"auto\">\n<p>The 720-megawatt Karot Hydropower Project was\u00a0initially due to be completed in 2020. It has the capability to generate 3.249 billion units of clean electricity per year for the national grid.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/CPEC?src=hash&amp;ref_src=twsrc%5Etfw\">#CPEC<\/a>: 720 MW Karot Hydropower Project (1st CPEC Hydropower Project), Investment $ 1720 M,88% work been completed, expected completion April 2022. Current local direct employment 5000. Location River Jehlum (Punjab\/ AJK)<a href=\"https:\/\/twitter.com\/hashtag\/cpecmakingprogress?src=hash&amp;ref_src=twsrc%5Etfw\">#cpecmakingprogress<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/PakistanMovingForward?src=hash&amp;ref_src=twsrc%5Etfw\">#PakistanMovingForward<\/a> <a href=\"https:\/\/t.co\/szqU0k9zCB\">pic.twitter.com\/szqU0k9zCB<\/a><\/p>\n<p>\u2014 Asim Saleem Bajwa (@AsimSBajwa) <a href=\"https:\/\/twitter.com\/AsimSBajwa\/status\/1392439562333474822?ref_src=twsrc%5Etfw\">May 12, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe project is being developed on a Build-Own-Operate and Transfer (BOOT) basis at an estimated cost of $1.98bn including a development cost of $1.698bn and interest during construction of $243m by Karot Power Company Private Ltd, comprising of M\/s Three Gorges South Asia Investment Ltd (TGSAIL) and Associated Technologies (Pvt) Ltd of Pakistan.<\/p>\n<p>The project is being constructed on a concrete gravity of 91 metres high dam with a crest length of 320 meters near the village of Gohra. The dam&#8217;s reservoir will be approximately 152m cubic metres in volume, with a length of 27 kilometres. Around 72 homes and 58 businesses were expected to be relocated due to project construction while 2.8-km of the Karot-Kotli road and 8.9-km of the Azad Pattan-Kahuta road were expected to need relocation.<\/p>\n<p>The National Electric Power Regulatory Authority (Nepra) had approved in February 2016 the project&#8217;s levelised tariff at 7.57 cents per unit for 30 years at an exchange rate of Rs101.6 per dollar. Its groundbreaking ceremony was held in January of that year.<\/p>\n<\/div>\n<\/div>\n<div class=\"template__footer clearfix modifier--open px-1 \">\n<div class=\"w-full sm:w-2\/3 mx-auto border-t border-gray-200 my-4\">\n<div class=\"flex flex-col sm:flex-row\">\n<div class=\"w-full sm:w-1\/2\">\n<div class=\"mb-0 sm:mb-4\">\n<div class=\"flex\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chairman of the China-Pakistan Economic Corridor (CPEC) Authority Asim Saleem Bajwa shared on Wednesday that<\/p>\n","protected":false},"author":1,"featured_media":10654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[19],"tags":[],"class_list":["post-10653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin 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The loan agreement was signed by Economic Affairs Division (EAD) Secretary Noor Ahmed and ADB Acting Country Director Ms Cleo Kawawaki which was witnessed\u2026","rel":"","context":"In &quot;Pakistan&quot;","img":{"alt_text":"Pakistan-ADB-sign-$300-mln-agreement-for-Balakot-hydropower-project-rapidnews","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/05\/Pakistan-ADB-sign-300-mln-agreement-for-Balakot-hydropower-project-rapidnews-e1621615331340.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":5540,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/28\/as-cpec-flourishes-the-americans-fume-with-anger\/","url_meta":{"origin":10653,"position":3},"title":"As CPEC flourishes the Americans fume with anger","date":"February 28, 2021","format":false,"excerpt":"Chinese president Xi Jinping visited the Pakistani capital Islamabad on April 20, 2015, to sign fifty-one memorandums of understanding that formed the core of the China-Pakistan Economic Corridor (CPEC) that together were worth about $46 billion. While Prime Minister Nawaz Sharif signed the initial agreement, current Prime Minister Imran Khan\u2026","rel":"","context":"In &quot;World&quot;","img":{"alt_text":"cpec-project-As-CPEC-flourishes-the-Americans-fume-with-anger-rapidnews-dailyrapid","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/cpec-project-As-CPEC-flourishes-the-Americans-fume-with-anger-rapidnews-dailyrapid.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":2136,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/01\/21\/coas-lauds-professionalism-and-high-morale-of-the-soldiers-in-sialkot\/","url_meta":{"origin":10653,"position":4},"title":"COAS lauds professionalism and high morale of the soldiers in Sialkot","date":"January 21, 2021","format":false,"excerpt":"Chief of Army Staff General Qamar Javed Bajwa visited Sialkot Garrison on Wednesday and appreciated the professionalism and high morale of the officers and soldiers in way of the nation\u2019s defense. According to Inter Services Public Relations (ISPR), Corps Commander Lieutenant General Asim Munir received COAS General Qamar Javed Bajwa\u2026","rel":"","context":"In &quot;Pakistan&quot;","img":{"alt_text":"rapid-news-rapidnews-dailyrapidnews-COAS-visit-COAS-lauds-professionalism-and-high-morale-of-the-soldiers-in-Sialkot","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/01\/rapid-news-rapidnews-dailyrapidnews-COAS-visit-COAS-lauds-professionalism-and-high-morale-of-the-soldiers-in-Sialkot.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":21925,"url":"https:\/\/dailyrapidnews.com\/eng\/2025\/09\/26\/pakistan-china-to-sign-multiple-mous-to-fast-track-cpec-phase-ii\/","url_meta":{"origin":10653,"position":5},"title":"Pakistan, China to sign multiple MoUs to fast-track CPEC Phase II","date":"September 26, 2025","format":false,"excerpt":"Pakistan and China are set to sign multiple MoUs to fast-track the second phase of the multibillion-dollar China-Pakistan Economic Corridor (CPEC) project, with\u00a0Federal Minister for Planning and Development Ahsan Iqbal in China to attend the 14th Joint Cooperation Committee (JCC) meeting of the CPEC.\u00a0 Pakistan, China begin JCC meeting in\u2026","rel":"","context":"In &quot;latest&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/09\/a-53.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/10653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/comments?post=10653"}],"version-history":[{"count":2,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/10653\/revisions"}],"predecessor-version":[{"id":10657,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/10653\/revisions\/10657"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media\/10654"}],"wp:attachment":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media?parent=10653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/categories?post=10653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/tags?post=10653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}