The Karot hydropower project has a designed installed capacity of 720,000 kw and generates power of 3.213 billion kw-hours each year. The project is expected to put in use in 2020,
It is a priority project for the broader China-Pakistan Economic Corridor initiative.
The investment into the 1.65-billion-U.S.dollar Karot hydropower project also marks the first investment from the 40 billion U.S. dollar Silk Road Fund since its establishment last year.
China Three Gorges Corporation officials said the project will improve power supply and benefit economic growth in Pakistan.
Established in 1993, China Three Gorges Corporation is “a clean energy group focusing on large-scale hydropower development and operation.”