Media Delegation lauds Karot Hydropower Project as a key CPEC initiative for clean energy--China Economic Net

Project Overview - The Karot Hydropower Project is a key initiative under the China-Pakistan Economic Corridor (CPEC) with an installed capacity of 720 MW and an average annual electricity output of 3,206 GWh [1] - The project is developed under the Power Policy 2002 on a Build-Own-Operate-Transfer (BOOT) basis with a concession period of 30 years [1] - The total project cost is approximately USD 1.74 billion [1] Environmental Impact - The project reduces approximately 3.5 million tons of carbon dioxide emissions annually, contributing to climate change mitigation [1] - It supports a green energy future by addressing energy shortages and combating climate change [1] Economic and Social Contributions - The project enhances industrial productivity and supports the growth of sectors such as agriculture, manufacturing, and services by providing reliable and affordable electricity [1] - It decreases Pakistan's dependency on energy imports, boosting the country's energy security and economic stability [1] - During its construction phase, the project created around 5,000 local jobs and currently employs about 200 local workers and 25 Chinese nationals [1] - The project has undertaken various Corporate Social Responsibility (CSR) initiatives, including the establishment of schools, healthcare facilities, vocational training programs, and the development of essential infrastructure such as roads and water supply systems [1] Strategic Importance - The project reflects a broader vision of empowering communities and improving the quality of life for the local population [1] - It highlights the strength of Pakistan-China collaboration, showcasing how mutual cooperation and innovation can lead to sustainable progress [1]