Pakistan and China on Wednesday signed an agreement for the
construction of a 720 mega watt hydel power project at Korrat bordering Punjab and Azad Kashmir at a cost
of 1.2 billion dollars. Talking to media after the signing ceremony, Minister for Water and Power, Syed
Naveed Qamar, said that this would be the biggest power project to be undertaken by a private company in
Pakistan.
He said that the project would be completed within four years. Naeem Barri has signed agreement on behalf
of Pakistani company, Allied Technologies Limited (ATL), and Cao Guangjing on behalf of Three Gorges
Corporation. The signing ceremony was also witnessed by the Minister for Water and Power. Naveed
Qamar said that the Chinese company would also invest in wind energy and Thar Coal projects. He said that
the project signed today would be completed in time and 720 MW would be injected into the national grid.
He said that Chinese company, Three Georges, has been familiar with Pakistan as it has been involved in
Mangla dam raising project.
