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Project Information
Investment ID: 36008
Bank: International Finance Corporation and Multilateral Investment Guarantee Agency
Environmental Category: A
Country: Pakistan
Region: South Asia
Approval Date: None
Investment Types: Loans
Total Project Cost: USD 100.0 million
Total Complaints: 4
Description
IFC has an active project with Karot Power Company Limited (KPCL), a special-purpose vehicle incorporated in Pakistan and majority owned by China Three Gorges South Asia Investment Limited (CSAIL). The project involves providing a long-term corporate loan facility of up to US$100 million to support the construction, operation and maintenance of a 720MW run-of-the-river hydropower plant being developed on the Jhelum River, in Pakistan.
Investments
| Investment Type | ID | Amount | Status | Bank | Client |
|---|---|---|---|---|---|
| Loans | 36008 | USD 100.0 million | Planned | IFC/MIGA | Karot Power Company Limited (KPCL) |
Related Complaints
| International Finance Corporation and Multilateral Investment Guarantee Agency CAO Complaints | IAM | Country | Date Filed | Status |
|---|---|---|---|---|
| Karot Hydro-02/Jhelum River | IFC CAO | Pakistan | 24/08/2019 | Active |
| Karot Hydro-03 | IFC CAO | Pakistan | 06/07/2020 | Active |
| Karot Hydro-04/Jhelum River | IFC CAO | Pakistan | 20/05/2022 | Active |
| Karot Hydro-07/Jhelum River | IFC CAO | Pakistan | 13/08/2022 | Monitoring |
Implementers
| Name | Complaints | Dispute Resolutions | DR Successful | Compliance Reviews | Non-Compliance |
|---|---|---|---|---|---|
| Karot Power Company Limited (KPCL) |