In 2020 the project's agreement was finalised[4] later it was formally signed in a ceremony attended by the Pakistani Prime Minister Imran khan, and Chinese ambassador.

[9] The dam's feasibility study and detailed engineering designs were performed by SMEC.

[10] The Kohala hydroelectric scheme will have a gravity, roller-concrete compacted dam on the upper branch of the Jhelum, 40 km from Muzaffarabad.

CWE is required to construct the project on a build, own, operate and transfer basis.

The project is expected to earn carbon credit from the United Nations Framework Convention on Climate Change for clean energy development under the Kyoto protocol.