969-MW Neelum Jhelum hydropower project gets boost from China Exim
29 May 2013
The Export-Import Bank of China has signed an agreement with the
Pakistani government to provide US$448 million for construction of the
969-MW Neelum Jhelum hydropower project, HydroWorld.com has learned.
The project is being developed by Pakistan's Water and Power Development
Authority (WAPDA), which said it hopes to complete the Neelum Jhelum
plant by 2016.
"This agreement is a significant development in efforts to secure
financial resources for completing the remaining work on the Neelum
Jhelum project," a WAPDA release said.
WAPDA said more than 50% of the project's 67 kilometers of tunnel have
been excavated, while digging on the underground powerhouse and
transformer hall are about 75% and 95% complete, respectively.
The project is being built along the Neelum River, making it part of an
international dispute as India's National Hydroelectric Power
Corporation (NHPC) is developing its own project -- the 330-MW
Kishanganga -- along the same river.
International treaty stipulates that the country which completes its
project first has priority rights to the river's waters, though the
Permanent Court of Arbitration (PCA) upheld India's right to divert
water from the Neelum in February.
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