The Government has signed a landmark agreement for the Kohala Hydro Power Project with an investment of $2.4 billion in the energy sector.
Prime Minister Imran Khan, Federal Ministers, Chinese Ambassador Yao Jing, and others witnessed the event.
Addressing the signing ceremony of the Kohala Hydropower Project Agreement, Prime Minister Imran Khan said that the increase in prices was due to the generation of electricity from imported fuel. Generating electricity from oil also affects the environment.
Therefore, the government has focused on clean energy instead of imported fuel. Leading Three Garage Company will develop the Kohala Hydel Project. He added that the project would create employment opportunities in Azad Kashmir.
He said that this project has been the largest investment of 2.4 billion and Pakistan has huge potential to generate electricity from water.
Earlier, retired Lt. Gen. Asim Saleem Bajwa, chairman of the China-Pakistan Economic Corridor (CPEC), described it as a historic day in a tweet, saying the $ 2.4 billion IPP in the energy sector This has been the biggest investment.
The Chairman CPEC Authority said that with the clear direction of the Prime Minister to expedite the work on the Economic Corridor projects, all parties have worked hard for this day.
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