ISLAMABAD: The government has decided to extend the Financial Close (FC) date for the 1124-MW Kohala Hydropower Project, a key initiative under the China-Pakistan Economic Corridor (CPEC), by three years, starting from October 1, 2024. This extension, granted under the Letter of Support (LoS), will also include a waiver of the extension fee, subject to certain conditions.
The decision was made during a meeting of the PPIB’s Projects Committee, chaired by the Additional Secretary of Planning. The project, developed by China Three Gorges Corporation’s subsidiary, faced delays due to land acquisition issues, regulatory challenges, and community protests. The extension aims to address these hurdles and ensure the project’s timely completion by September 30, 2027.
Story by Mushtaq Ghumman
