K-Water will construct the 665MW Lower Pallas Valley hydropower project which is estimated to cost $763m.
A consortium of two Korean Midland Power and Posco Engineering and Construction will build Lower Spat Gah hydropower project estimated to cost $697m, which will have a total capacity of 496MW.
Private Power and Infrastructure Board, a government agency, will be in charge of implementing the project to be built on a public private partnership basis.
Water and Power Development Authority has completed the feasibility studies for the projects and will also act as the financial sponsor.
Construction of each of the projects will take five years, reports tribune.com.pk.
