48MW hydro-electric project of $80mn approved

MUZAFFARABAD: A hydroelectric power project of 48 Mega Watts worth $80 million at Shunthar area of Neelum Valley has been approved and civil work on the project will start soon.

The official sources talking to APP on Monday said, that a Korean Bank will sponsor the project which was recently approved by central development party and will produce 48 Mega Watt power with an annual income of Rs 1600 million, they added.

All the work including a transmission line of 35 kilometers to connect it with national grid will be completed within five years of its start and will be a source of socio-economic development of the area besides adding reasonable generation in the national grid, the source said.