31 May '17, 8pm

China and Pakistan sign US$50 billion MoU earmarked for Indus River Cascade

China and Pakistan sign US$50 billion MoU earmarked for Indus River Cascade

China and Pakistan signed a US$50 billion memorandum of understanding (MoU) on May 13 to develop and complete the Indus River Cascade, according to information from the China-Pakistan Economic Corridor (CPEC). The MoU was one of several signed related to improving and developing Pakistan’s infrastructure. Yousuf Naseem Khokhar, Pakistan’s Water and Power Development Authority (WAPDA) secretary for Water and Power, and Chinese Ambassador in Pakistan, Sun Weidong, signed the MoU under the CPEC agreement during the Diamer-Bhasha Project Conference hosted by China’s National Energy Administration (NEA) in Beijing, China. Under the MoU, China’s NEA would oversee building and funding the five hydropower projects that have an estimated total installed generation capacity of 22,320 MW and according to WAPDA , the Indus River has a potential of producing 40,000 MW. The Indus River ...

Full article: http://www.renewableenergyworld.com/articles/hydro/2017/0...

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