Project Description
Please provide a general and brief description of the project.
Karot Power Company Limited (“KPCL”) is undertaking the construction, operation and maintenance of a 720MW (4x180MW) run-of-river hydro power plant under a Build-Own-Operate-Transfer scheme (the “Project”). The Project is located on the Jhelum River, 1km upstream of the Karot Bridge, 55km east from Islamabad and 40 km from Muzaffarabad. The Project will include a 95.5 m high dam and a 27 km long reservoir and is expected to generate an average annual output of 3,436 GWh. KPCL will sell all of the electricity generated to the National Transmission and Despatch Company of Pakistan under a 30-year Power Purchase Agreement.
KPCL is a wholly-owned subsidiary of China Three Gorges South Asia Investment Limited (“CSAIL”). The Project is expected to start construction in December 2015 and is CSAIL’s first planned hydropower plant on the Jhelum River. In November 2014, IFC committed an equity investment of up to US$125 million in CSAIL (project # 34062).
Environmental Assessment Attachments
The Environmental Impact Assessment documents, which IFC received from KPCL for early disclosure, are all prepared by third parties and available at the following website.
.http://www.karotpower.com/index.php?action=Environment%20&%20Social