ISLAMABAD: The Chinese investors have offered to financially support hydroelectric power projects worth $50 billion in Pakistan.
China Three Gorges Corporation, owner of the world’s largest hydroelectric dam, expressed an interest in financing projects in Pakistan in conjunction with the International Finance Corporation, a World Bank subsidiary.
According to studies conducted by the Water and Power Development Authority, Pakistan has an identified potential of producing up to 60,000 MW of hydroelectric power, of which 40,000 MW is located in a region called the Indus Cascade, which begins in Skardu in Gilgit-Baltistan and runs through to Tarbela, the site of Pakistan’s biggest dam, in Khyber-Pakhtunkhwa.
