SK-E&C to develop 545-MW hydro project in Pakistan
Khyber Pakhtunkhwa's government (Pakistan) has decided to carry out the 545-MW Kaiga Hydro project at Kandia valley in Kohistan.
The Khyber-Pakhtunkhwa (K-P) government has awarded to South Korean Engineering and Construction Company (SK-E&C) the hydropower project, which will be structured as a PPP. The project has an estimated investment of US$1.42 billion
The decision was taken during a high-level meeting presided over by K-P Chief Minister Pervez Khattak. SK-E&C General Manager Eddy Nam, Manager Choris Hwans, National Engineering Cooperation Director Babar Mehmood, K-P Education Minister Muhammad Atif Khan, MNA Sajida Zulfiqar Khan and other officials were present in the meeting, said a spokesman for K-P the government.
According to sources, the government would resolve the land acquisition and would also provide security to the investors and their investment.
The project will be delivered as a PPP and the feasibility study has already been completed. The project is part of the provincial government mission to tap all the sites for maximum electricity production. The design of the project would be completed in July while the execution would start by early 2018.
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