Karot Hydro

Sectors

Issues Raised

Project Information

Investment ID: 36008

Bank: IFC/MIGA

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	Karot Power Company Limited (KPCL)

Related Complaints

IFC/MIGA 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	23/05/2023	Active
Karot Hydro-07/Jhelum River	IFC CAO	Pakistan	13/08/2022	Active

Implementers

Name	Complaints	Dispute Resolutions	DR Successful	Compliance Reviews	Non-Compliance
Karot Power Company Limited (KPCL)