ISLAMABAD, Dec 30 : Pakistan has decided to set up a new hydropower project of over 700 megawatts in PoK through foreign financing at an estimated cost of $1.51 billion by 2022, according to a media report.
The Azad Pattan Hydropower Project (APHP) is a run of river scheme located on Jhelum River in the Sudhanoti district of Pakistan-occupied Kashmir and about 90 kilometres from Islamabad, the Express Tribune reported.
The project would be completed by 2022 for which the authorities have sought an import tariff at Rs 8.05 per kilowatts, the daily said.
"The project (Azad Pattan Hydropower Project) is an initiative of the government of Pakistan being developed in the private sector under the Policy for Power Generation 2002," the daily said citing the project documents at National Electric Power Regulatory Authority (Nepra).
The Central Power Purchasing Agency (CPPA-G) has proposed a reference levelised tariff of Rs 8.50 per unit (kWh) for import of the electricity from the project under NEPRA Import of Power Regulations, 2017.
Nepra on Friday announced to admit CPPA-G application for consideration. It would conduct a hearing in the matter on January 11, 2018 at Islamabad. —PTI
