China plans to complete a $ 2 billion hydropower project in Kashmir, Pakistan, in advance to ease Pakistan's energy crisis.
The Karot hydropower project is being built on the Jahlem River and built on a "build-owned-operated-transfer" benchmark. Ownership After the transfer to the Pakistani government, the hydropower station will be Chinese enterprises for 30 years.
Global Times reported that China's Yangtze River Three Gorges Group South Asia investment company subsidiary Karot power company has Karot hydropower station. The company said the project would help ease Pakistan's electricity shortages and create local jobs.
The report did not mention the new construction schedule for the project.
Karot hydropower capacity of 720 megawatts. Yangtze River Three Gorges Group South Asia Investment Company is also building other power projects in Pakistan, including hydropower, wind power and solar energy projects, will greatly solve the problem of Pakistan.
"Since the project is located in the controversial Kashmir, India has repeatedly expressed concern about the project, but this does not affect the cooperation between China and Pakistan, because the cooperation between the two sides is unshakable." Shanghai Academy of Social Sciences Institute of International Relations researcher Hu Zhiyong said.
"With China's support and assistance, Pakistan's power shortage is expected to be resolved by 2025, which means removing a major obstacle to Pakistan's economic development," added Hu Zhiyong.