PM to inaugurate country’s first private hydropower project

Pakistan’s first private hydro power project is being inaugurated in Mirpur‚ Azad Kashamir on Monday.

Prime Minister Mian Muhammad Nawaz Sharif is expected to inaugurate the project.

The 84 megawatt run-of-the river New Bong Escape Hydropower Project will contribute 540 GWh of green energy annually to the National Grid.

The project was scheduled to be completed in 42 months‚ but has been completed over two months ahead of schedule time.

The project would replace approximately 135 thousand tons of oil import valued in excess of 100 million dollar per annum.

The project has the distinction of being Pakistan’s first hydropower project to be registered with the United Nations’ Framework Convention on Climate Change as clean mechanism development Project‚ and has made solid contribution in offsetting green house emission globally.

The successful completion of the project by a private investor‚ in record time‚ has given hope for harnessing the vast potential of the country’s water sector.

Short URL: https://www.newspakistan.pk/?p=40910

Posted by Tahir Khan on Jul 14 2013. Filed under Latest News, National, Pakistan. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.