In August 2014, the Kohala Hydropower project was listed as ‘actively promoted’ project of CPEC. The
project, being built on the Jhelum River in AJK, is estimated to cost $ 2,400 million. The project has been
awarded to Kohala Hydropower Company Ltd as Pakistan signed tripartite agreement with China in 2020 Funded by China, this is the largest privately operated project in Pakistan. About 70% work is
achieved regarding land acquisition. However, during development, project has encountered some
challenges such as circular debt, geological conditions, political environment and regional security.