Peshawar (APP): A South Korean company will build a 545 megawatt hydropower project at an estimated cost of $1.42 billion at Kandia valley in Kohistan to provide inexpensive electricity to consumers.

The Khyber-Pakhtunkhwa (K-P) government has engaged South Korean Engineering and Construction Company (SK-E&C) to complete the project . The decision was taken during a high-level meeting presided over by K-P Chief Minister Pervez Khattak.

SK-E&C General Manager Eddy Nam, Manager Choris Hwans, National Engineering Cooperation Director Babar Mehmood, K-P Education Minister Muhammad Atif Khan, MNA Sajida Zulfiqar Khan and other officials were present in the meeting, said a spokesman for K-P the government.

Nam and Hwans briefed the participants about the company, its quality of work, its experience in the field and the provincial government engagement with the company reflected its terms of reference and terms of engagement with the company.

The CM directed government officials to extend all possible help to Kaiga Hydro project in the entire process from execution to completion.

He assured that the provincial government would extend all possible help to facilitate foreign investors in the province.