KHNP to develop 350-MW Athhmuqam hydropower plant
Korea Hydro and Nuclear Power (KHNP) has won the build-operate-transfer contract from Pakistan’s Private Power and Infrastructure Board for the 350 MW Athmuqam hydroelectric power plant in the country.
KHNP has formed a consortium with Daelim Industrial and Lotte Engineering and Construction and participated in the bid for the global project announced by the government body in charge of private electricity generation in January.
The proposed project, which will annually generate 2,007 GWh, is located on River Neelum near Athmuqam town at a distance of about 210 km from Islamabad. The concession contract will have a duration of 30 years and the total investment for the project is expected to reach up to US$1 billion.
The project is aimed to combat the electricity shortage and to achieve high targets of growth all possible resources for power generation are to be used to sustain the economy. The government is trying to facilitate and encourage private investors for promoting hydro power generation in the country and has allowed private sector to develop hydropower projects on Build-Own-Operate-Transfer (BOOT) basis.
Country news
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