The Karot Hydropower Project is an asphalt-core rockfill gravity dam in Pakistan, with an installed capacity of 720 MW.

[4] On April 20, 2015, during a state visit by Xi Jinping to Pakistan, the investment in the project by China's Silk Road Fund was announced.

[2]: 221 On September 28, 2016, the federal and Azad Jammu and Kashmir governments signed an implementation agreement with a Chinese consortium for development and operation on river Jhelum at a levelised tariff of 7.57 cents per unit for 30 years.

[10] The power intake structure is constructed on right bank of the river immediately upstream of Dam site and diverts the water into headrace tunnels entering into Cavern Powerhouse.

[13][2]: 221 The company will run and maintain the project for 30 years at a levelised tariff of 7.57 cents per unit after which it will be transferred to the Punjab government at a notional price of Rs.1.