Pakistan, China sign agreement for construction of Azad Pattan Hydel Power Project

MG News | July 07, 2020 at 09:45 AM GMT+05:00

0:00

July 07, 2020: Pakistan and China have signed an agreement for the construction of the Azad Pattan Hydel Power Project.

Prime Minister Imran Khan witnessed the signing of the agreement with China Gezhouba for the Azad Pattan Hydropower Project at a ceremony in Islamabad on Monday.

As part of CPEC, with an investment of 1.5 billion dollars and 700.7 megawatts of electricity, Azad Pattan will involve no fuel import, enabling the country to move towards cheaper and greener power while generating local job opportunities.

The project is located at River Jhelum and is expected to be completed in 2026.

Addressing the signing ceremony of the agreement, the Prime Minister said the China Pakistan Economic Corridor project will prove to be a milestone in the country's development and prosperity.

He said China is emerging as an economic power on the world's map and Pakistan can learn a lot from its development.

Imran Khan said China Pakistan Economic Corridor is the future of Pakistan.

Radio Pakistan

Related News

Name	Price/Vol	%Chg/NChg
KSE100	151,707.52 244.73M	-0.79% -1200.45
ALLSHR	90,950.95 421.06M	-0.91% -834.89
KSE30	45,918.57 92.97M	-0.83% -386.29
KMI30	220,125.22 87.98M	-0.85% -1889.21
KMIALLSHR	59,363.52 256.09M	-1.02% -613.27
BKTi	41,297.63 25.33M	-0.60% -248.70
OGTi	31,189.41 18.57M	-2.53% -809.48

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,180.00	69,315.00 65,710.00	-2590.00 -3.77%
BRENT CRUDE	114.57	114.88 105.09	6.56 6.07%
RICHARDS BAY COAL MONTHLY	111.15	111.15 111.15	0.35 0.32%
ROTTERDAM COAL MONTHLY	122.70	125.00 122.70	-0.15 -0.12%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	101.18	101.24 92.08	6.70 7.09%
SUGAR #11 WORLD	15.75	15.93 15.66	-0.12 -0.76%