(MENAFN) Chinese construction and engineering company China Gezhouba Group Co (CGGC) said it has signed a contract with Pakistani authorities to be included in a hydropower project valued at USD1.9 billion.
The Mohmand hydroelectric project involves establishing a dam on the Swat River and installing four generators totaling 800 megawatts.
The association includes CGGC and Descon of Pakistan, with shares of 70 percent and 30 percent respectively.
The project is intended to help protect local areas from floods, irrigate large areas of farmland, produce 2.86 billion kilowatt hours of electricity a year and provide local residents with 140 million cubic meters of drinking water per year.
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