• Vision:
    Uphold Three Gorges Spirit, Create Overseas Classics
  • Mission:
    Build Overseas Quality Project, Foster Grand Image
    for Pak-China Energy Cooperation

GOAJ&K Implementation Agreement, GOAJ&K Water Use Agreement and GOAJ&K land Lease Agreement signed for 720 MW Karot Hydropower project.

GOAJ&K Implementation Agreement , GOAJ&K Water Use Agreement and GOAJ&K  Land Lease Agreement has been signed that will materialize $1.68 Billion of the project cost for the 720 MW Karot Hydropower project in Pakistan.The agreement has been signed on behalf of the Government of AJ&K by the Private Power Cell  and Chief Executive of Karot Power Company (Pvt.) Limited.The Karot Hydropower Project is an under construction run-of-river Asphalt Concrete-core Rock fill (ACCR) dam with an installed capacity of 720 MW that is being developed as part of the $46 billion China–Pakistan Economic Corridor, and is expected to be completed in 2020.Total costs for the project is  estimated to be $1.68  billion and will be funded by China's Silk Road Fund, The Export-Import Bank of China and China Development Bank which will provide financing to the Karot Power Company(Pvt.) Limited , a subsidiary of China's Three Gorges Corporation. This mammoth project will be built on a "Build-Own-Operate-Transfer" basis for 30 years, after which ownership of the project will be transferred over to the Government of Punjab, Pakistan.

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