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.