Muzaffarabad: (Parliament Times) A Memorandum of Understanding was signed between Kohalla Power Company (Pvt) Ltd Islamabad and Azad Jammu and Kashmir government in Muzaffarabad today. The MoU was signed at a meeting held in the office of Senior Member Board of Revenue Azad Kashmir, Fayyaz Ali Abbasi Kohalla Power Company (Pvt) Ltd Islamabad is working on 1124 megawatt hydro-power generation project being started at Kohalla, Muzaffarabad.
The 1,100-MW Kohala hydropower project, a run-of-river scheme will be built on the Jhelum River in Azad-Jammu-Kashmir (AJK) by China Three Gorges Corporation (CTGC). Pakistan’s Water and Power Development Authority (WPDA) owns the project, scheduled for commissioning in 2023.
The Kohala hydroelectric scheme will have a gravity, roller-compacted-concrete dam on the upper branch of the Jhelum, 40 km from Muzaffarabad. The powerhouse, on the lower branch of the Jhelum near Barasala, will house four 275-MW Pelton turbines.
CWE is required to construct the project on a build, own, operate and transfer basis. In 2014, local published reports said the average tariff for the first 12 years was set at 8.9 cents per unit and during the following 18 years would be 5.1 cents per unit. The average tariff for the 30-year life of the project is 7.9 cents per unit. The tariff ensures 17 per cent return on equity on internal rate of return basis. The project is expected to earn carbon credit from the United Nations Framework Convention on Climate Change for clean energy development under the Kyoto protocol.
CTGC said the Kohala project is its largest investment in the Pakistani hydropower market. The project is part of the China-Pakistan Economic Corridor, a 3,000-km-long network of roads, railways and energy infrastructure to assist development in Pakistan and boost growth for the Chinese-border economy.
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