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Pakistan

South Korean power company to invest over $1bn in Pakistan power sector

Khyber Pakhtunkhwa govt and the Korean company have partnered to invest in 496 MW power project in Kohistan. T
17 Dec 2019
  • Khyber Pakhtunkhwa govt and the Korean company have partnered to invest in 496 MW power project in Kohistan.
  • The KPK govt will be a 26 percent shareholder in project.

The Korea Hydro and Nuclear Power, a subsidiary of Korea Electric Power Corporation (KEPCO), will invest over a billion dollars in the power sector of Pakistan's Khyber Pakhtunkhwa.

The development comes during a meeting between the president of Korea Hydro and Nuclear Power and Khyber Pakhtunkhwa Finance Minister Taimur Jhagra and Provincial Minister of KPK for Law, Sultan Khan.

As per detail, the Khyber Pakhtunkhwa government and the Korean company have partnered to invest in 496 MW power project in Kohistan. The KP Government will be a 26 percent shareholder in project.

Apart from hydropower station, the company expressed desire to invest in wind and solar power generation in the province. Meanwhile, the provincial ministers informed the company delegation about Khyber Pakhtunkhwa’s investment friendly policies and assured Koreans of full cooperation during their visit.