The Karot hydropower project is located on the Jhelum River, one of the rivers of the Indus River System in Northern Pakistan, about 55 kilometers east of Islamabad. It is the first hydropower project implemented under the Belt and Road Initiative, and the first project financed by the Silk Road Fund since its inception in 2014. It is also one of the priority projects of the China-Pakistan Economic Corridor and the largest green field investment project ever undertaken overseas by a Chinese company.
The project is being developed on a build-operate-transfer (BOT) basis. Started at the end of 2015, it is scheduled to be operational by 2020. After completion, it will be operated by the construction contractor for 30 years, after which the ownership will be transferred to the Pakistani government at no cost.
With an investment of US$1.65 billion, the power station will have an installed capacity of 720MW and an average annual output of 3.2GWh. In addition to power generation, it will help flood prevention and sediment control, and improve downstream and reservoir area transport services. The project is expected to create more than 2,000 new jobs, and will spur coordinated and upgraded development in related sectors.
(Source: China.org.cn）
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