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$50 Billion

China to invest $50bn for mega dams in Pakistan

ISLAMABAD: In a first-of-its-kind investment in Pakistan’s troubled energy sector, Islamabad and Beijing on Saturday signed a memorandum of understanding (MoU) to develop North Indus River Cascade with an estimated cost of US$ 50 billion that has the potential of generating approximately 40,000mw of hydroelectric power.

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