PROJECT

Projects

Summary of Investment Information

Project Number

36008

Company Name

KAROT POWER COMPANY (PVT.) LIMITED

Date SPI Disclosed

Aug 20, 2015

Country

Pakistan

Region

Middle East

Projected Board Date

Oct 22, 2015

Environmental Category

A - Significant

Status

Active

Last Updated Date

Apr 14, 2017

Department

Regional Industry INF MCT

Industry

Infrastructure

Previous Events

Approved : May 19, 2016
Signed : Nov 25, 2016
Invested : Apr 12, 2017

Sector

Large Hydro - Renewable Energy Generation

Additional Project Attributes

Public-Private Partnerships

Project Description

Karot Power Company Ltd. (the Company), a special-purpose vehicle incorporated in Pakistan and majority owned by China Three Gorges South Asia Investment Limited (CSAIL), is undertaking the construction, operation and maintenance of a 720MW run-of-the-river hydropower plant being developed on the Jhelum River (the Project). The Project is expected to generate 3,174 GWh (net) annually and will sell all of its energy to the National Transmission and Despatch Company Limited of Pakistan under a 30-year Power Purchase Agreement. Payment obligations of NTDC will be guaranteed by the Government of Pakistan. The Project, whose construction is expected to take five years, will include a 95.5 meter high dam, a surface powerhouse, four headrace tunnels, a spillway and an approximately 5km long 500kV transmission interconnection to the national grid.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation