MFF Hydropower Development Investment Program (ADB-49055-002)

  • Pakistan
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
  • Energy
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 1,000.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jun 26, 2020

Disclosed by Bank Oct 6, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The proposed investment program aims to (i) improve energy security by increasing the clean energy share in the energy mix currently dominated by thermal energy, (ii) promote private sector investments in hydropower development in the province of Khyber Phakhtunkhwa (KPK) which has the most hydro potential in the country, and (iii) build capacity and understanding on climate change impacts, adaptation and mitigation measures. Despite the potential to generate 60,000 megawatts (MW), Pakistan has only been able to install 7,000 MW (31% of total installed capacity) of hydropower generation, of which 3% has been developed by independent power producers (IPPs). Since 1994, IPPs have been investing in Pakistan but skewed to thermal power plants, accounting for 36% of the country's total installed capacity. With support from the Asian Development Bank (ADB) and the International Finance Corporation, IPPs recently made several investments in renewable energy projects. IPP's interest increases if the sector is supported by international financing institutions on the policy, process and investments. The provincial government of KPK plans to develop 21 run-of-the river hydropower plants (HPP) with feasibility study for most of them already completed, with a total potential of 3,600 MW over a period of 10 years with key focus on attracting IPPs. The investment program is structured to facilitate investments in the development of hydropower plants by utilizing both public and private sector investments and leveraging ADB funds through syndication and other financial structures. ADB catalytic financing in the long-term will support and create a business-friendly environment making HPP projects bankable for the private sector to mobilize and invest through debt or equity.


Investment Description
Here you can find a list of individual development financial institutions that finance the project.

MFF Facility Concept: MFF Hydropower Development Investment Program
Ordinary capital resources US$ 1,000.00 million

To be determined US$ 650.00 million

Contact Information
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Responsible ADB Officer Tareen, Adnan
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Energy Division, CWRD
Executing Agencies
Pakhtunkhwa Energy Development Organization
Plot # 38, Sect B-2, Phase-5, Hayatabad, Peshawar


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