l Karot Power Company (Pvt.) Ltd
  • Vision:
    Uphold Three Gorges Spirit, Create Overseas Classics
  • Mission:
    Build Overseas Quality Project, Foster Grand Image
    for Pak-China Energy Cooperation

Power Purchase Agreement signed for 720-MW Karot Hydropower project

The Power Purchase Agreement (PPA)  of 720 MW Karot Hydropower Project has been signed between Karot Power Company (Pvt) LTD, subsidiary of China Three Gorges Investment Corporation, and the Central Power Purchasing Agency (Guarantee) Limited, Pakistan (CPPA(G) for short) in Islamabad.Karot Power Company CEO, Sheng Zhendong signed the agreement on behalf of the Company while CEO CPPA(G) Abid Lotif executed it.Karot Hydropower Project is located on the Jhelum River with an installed capacity of 720 MW (4×180 MW) and average annual electricity output 3206GW·h. The project has been listed as one of the Prioritized Project of the $46 billion China Pakistan Economic Corridor (CPEC) and is expected to achieve commercial operations by 2020. Power Purchase Agreement, one of the Security Agreements of the Project, is the most important commercial agreement stating operation method, payment mechanism, rights and obligations of each party etc.,  The final execution of the agreement means a great meaningful step of Karot, being the first greenfield project of China Three Gorges Corporation and an IPP project with the biggest installed capacity so far in Pakistan.

09-05-2017

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