ISLAMABAD: Investment of 448 million dollars has been approved by China to built Neelum-Jehlum Hydro-electricity project in Pakistan to counter electricity crisis.
Pakistan’s government has signed an agreement with Chinese bank EXxom to work on hydro-electricity generation project which showed significant progress against electricity crisis.
After the completion of project, Pakistan will be capable to generate at least 969 Mega Watts of electricity while the project is expected to be completed in 2016.
Neelum–Jhelum Hydropower Plant is located in Azad Kashmir, 22 km (14 mi) south of Muzaffarabad, which is an under construction hydroelectric power scheme.
It is pertinent to be notified, Future Prime Minister Nawaz Sharif has declared that the exact figure of electricity shortfall is 600 Mega Watts around the country but the maximum capability to generate extra electricity is 1000 Mega Watt only.
Significant delays, funding issues, and the potential impacts of India’s Kishanganga Hydroelectric Project upstream have surrounded the project.
The initial construction started in 2008 by Chinese consortium in July 2007 while it is designed to divert water from the Neelum River to a power station on the Jhelum River.
Previously, Kuwait Fund for Arab Economic Development (KFAED) also provided a loan of $40 million to Pakistan for construction of Neelum-Jhelum Hydropower project.