US$ 2.4 billion Agreement for Kohala Hydel Power Project to be signed today

Lt Gen (r) Asim Saleem Bajwa – Chairman China-Pakistan Economic Corridor (CPEC), on Thursday, announced that the signing ceremony of US$ 2.4 billion Tripartite agreement for Kohala Hydel Power Project will be held today.

Special Assistant to Prime Minister (SAPM) on Information, took to social media to announce that  today is a ‘historic day’ due to the signing of largest power sector investment in one IPP worth up to US$ 2.4 billion.

“Historic day -Tripartite Agreement signing ceremony for Kohala Hydel Power Project being held today. Largest power sector investment of $2.4 Bn in one IPP,” he tweeted.

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Prior to this, the future of 1,124MW Kohala Hydropower Project  on Jehlum River, faced severe uncertainty due to the concerns over the environmental side effects of the project.