Pakistan Hydro (IFC-601366)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Countries
  • Pakistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
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
Jun 24, 2016
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
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.98 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)
$ 1.98 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 @ IFC website

Updated in EWS Jul 5, 2018

Disclosed by Bank May 30, 2017


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to IFC website, the program aims to address the overall governance of the entire Jhelum-Poonch watershed including laying foundations for institutional arrangements for integrated river basin management and commission important scientific studies to address data gaps including surveying of tributaries with significant data gaps and conducting environmental flows assessments in the watershed. The program focuses on two interlinked components over the two year period: 

Component 1: Improve and enable application of good practice E&S standards to manage cumulative impacts of the cascade of hydropower projects in the Jhelum-Poonch watershed for sustainable hydropower development and strategic watershed management: Ultimately this effort expects to help local authorities, together with project sponsors, academia, and environmental NGOs, achieve sustainable hydropower development and integrated watershed management of the Jhelum-Poonch Basin.

Component 2: Establish multi-stakeholder platforms (MSPs) to enable capacity in practical E&S risk management and adoption of IFCs Performance Standards. This component will focus on the development of training materials and implementation of training events to provide technical support and capacity development to local government officials, civil society and the private sector (hydropower developers, consultants and EPC contractors) operating in the Jhelum and Indus watersheds

Environmental and social risks will continue to be reviewed throughout the life-cycle of the project.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

No contact information provided at the time of disclosure. 

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/