The Azad Jammu and Kashmir government and China’s Three Gorges Company on Friday signed agreements for a 1,124 MW Kohala hydropower project under the Pakistan Economic Corridor (CPEC).

The project will receive $ 2.4 billion in foreign investment under the CPEC umbrella, CPEC Chairman Lt. Gen. Azim Salim Bajwa said on Twitter.

The Kohala Hydroelectric Project is proposed to be run-of-river project located near the Kohala River in Azad Kashmir. The project agreement was finalized in 2020 and then officially signed by the Prime Minister of Pakistan and the Chinese Ambassador to Pakistan at a ceremony.

On January 7, 2015, China Three Gorges Corporation (CTGC), a state-owned hydropower developer, acquired the rights to build a dam in Pakistan. It is the largest investment made by a private Chinese company in Pakistan.

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