Pakistani Carlot Hydropower Project undertaken by Chinese company to be completed in 2021
According to its developer China Three Gorges Corp., the construction of China's first overseas hydropower project using its own technology and standards, the Pakistan Carlot Hydropower Project, is expected to be completed within two years, and will be completed in two years. Power generation will begin in April 2021. The company said the $ 1.74 billion Carlot hydropower project will address the country's power supply bottleneck and provide sustainable and stable energy support. The company is also the builder and operator of the Three Gorges Dam, the world's largest hydropower project. The 720 MW project is located on the Jerum River in northeastern Pakistan, 55 kilometers from Islamabad. Construction began in April 2015. After completion, it will generate approximately 3.2 billion kilowatt-hours of clean power each year, equivalent to 10% of the total power generation of hydropower stations in China in 2017. As the first investment project of the Silk Road Fund, the hydropower project is expected to pay US $ 23 million in taxes to the Pakistani government and provide more than 2,200 local jobs during the peak construction period, which has greatly improved the job market in Pakistan. Pakistan, at the intersection of the Belt and Road Initiative, has been one of the most important investment markets for state-owned enterprises. Three Gorges said that there are currently five greenfield investment projects in Pakistan, all of which are clean energy projects including hydropower and wind power generation. The total installed capacity exceeds 2.6 million kilowatts, accounting for 9% of Pakistan's current installed capacity. Fan Xiaxia, the company's deputy general manager, said that the company has established a strong relationship with the local government in Pakistan for many years and has helped improve local livelihoods. The China-Pakistan Economic Corridor is the hallmark of China-Pakistan economic development. Although the project's monitoring of environmental protection and construction is relatively strict, the company believes that the project will be completed on time. Bo Ting, a senior analyst at the China Society for Hydropower Engineering, said that although Pakistan has limited funds to develop abundant hydropower resources, the cooperation between Pakistan and China will benefit both sides. She said the company is confident in putting the project into production on time to alleviate Pakistan ’s power shortage and support its economic development. Over the past few years, the group has grown rapidly and has transformed from a novice to a leader and industry pioneer in European, South American and Southeast Asian companies. The company earlier said it would increase energy supply in economies related to the Belt and Road Initiative and make further investments in countries and regions participating in the initiative.