China Three Gorges Corporation (CTGC), the state-owned hydropower developer, has won the right to develop a hydropower project in Pakistan, CTGC announced on Thursday.
The Kohala Hydropower Project, the firm's biggest investment in the Pakistani hydropower market, is expected to have an installed capacity of 1.1 million kilowatts.
The project is part of the China-Pakistan Economic Corridor, a 3,000-km network of roads, railways and energy infrastructure to assist development in Pakistan and boost growth for the Chinese border economy.
In September, CTGC registered a subsidiary for the project in Pakistan. A Pakistani government supporting letter for the project was issued last week, CTGC said.
Established in 1993, CTGC is "a clean energy group focusing on large-scale hydropower development and operation." It manages the development and operation of the Three Gorges Project, the world's largest hydropower project in terms of installed capacity, according to its official website. Enditem