Pakistan: Balakot Hydropower Development Project (AIIB-000339)

Countries
  • Pakistan
Where the impacts of the investment may be experienced.
Specific Location
Mansehra District, Khyber Pakhtunkhwa
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 1, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Pakistan
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 280.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 755.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Jun 29, 2020


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Project Description

According to the bank's documents, "The proposed Project will construct a 300-megawatt (MW) run-of-river hydropower plant located on the Kunhar river in Mansehra District, Khyber Pakhtunkhwa (KPK) province of Pakistan. Its design will incorporate seismic strengthening and climate-resilient measures. Upon completion, the Project will be able to generate about 1,143 GWh clean electricity annually."

"A Project Grievance Redress Mechanism (GRM) will be established and implemented at the village and project levels. Communities and individuals who believe that they are adversely affected by the Project may submit complaints to existing project-level grievance redress mechanisms or ADB's Accountability Mechanism."

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)

Co-financing:
Asian Developent Bank US$ 300 million
Government of Pakistan US$ 175 million

Contact Information

Asian Infrastructure Investment Bank
Hongliang Yang, Principal Investment Operations Specialist (Energy)
hyang@aiib.org

Asian Development Bank
Adnan Tareen, Principal Energy Specialist
atareen@adb.org

Borrower
Aslam Chaudhary, Joint Secretary
Economic Affairs Division
Ministry of Finance
aslam26@gmail.com

Implementation Agency
Wajid Nawaz Khan
Project Director, PEDO
wajidnawaz63@yahoo.com


ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM).  The PPM provides “an opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIB’s failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.” Two or more project-affected people can file a complaint.  Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply.  You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html.

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html.