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Pakistan will review tapping South Korean consortiums in constructing two hydroelectric power plants with capacities of 470 megawatts (MW) and 215 MW with a combined value of $1.58 billion.
South Korea had urged Pakistan, which is trying to overcome electricity shortages, to tap its power plant construction firms.
Among the hydro projects that Pakistan is set to build are the 884 MW plant at Suki Kinari, the 720 MW plant at Karot, and the 1,124 MW plant at Kohala.
Pakistan is shifting from coal to hydropower.
The two countries agreed to expand their bilateral economic ties in on-going energy projects in the South Asian nation during the third round of the Korea-Pakistan Joint Trade Committee virtually, according to the Ministry of Trade, Industry, and Energy.
During the meeting, the trade ministry also requested Pakistan to extend tariff deductions on South Korean automakers with local production lines.
