Additional Financing For Dasu Hydropower Phase I Project (Transmission Line) (WB-P167843)

Countries
  • Pakistan
Geographic location where the impacts of the investment may be experienced.
Specific Location
Province of Khyber Pakhtunkhwa, Province of Punjab
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
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
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."
Voting Date
Mar 31, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Pakistan - Ministry of Water Resources
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 700.00 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.
Project Cost (USD)
$ 782.10 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.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ WB website

Updated in EWS May 18, 2020

Disclosed by Bank Nov 1, 2019

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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.

According to bank documents, "the overall project development objective is to facilitate the expansion of electricity supply of hydro-power in Pakistan.
The Project would also improve access to socio-economic services for local communities in the project area and build WAPDA’s capacity to prepare future hydropower projects.
This would be achieved by installing a 2,160 MW hydropower plant on the main Indus River, which can be expanded to 4,320 MW in future at very low cost.
The Project is a “high-risk-high reward” operation aimed at providing low cost non-carbon renewable energy."

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

World Bank Group Financing

International Bank for Reconstruction & Development (IBRD) $700M

Co- Financing

Borrowing Agency $82.10M

 


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

World Bank
Mats Johan Rikard Liden
Lead Energy Specialist

Fowzia Hassan
Senior Energy Specialist

Mohammad Saqib
Senior Energy Specialist

Borrower/Client/Recipient
Islamic Republic of Pakistan
Syed Pervaiz Abas
Secretary, EAD
secretary@ead.gov.pk

Ministry of Water Resources
Muhammad Ashraf
Secretary
secretary@mowr.gov.pk

Implementing Agencies
Water and Power Development Authority (WAPDA)
Anwar ul-Haq
Project Directord
asuhpp@yahoo.com

National Transmission and Despatch Company
Javed Iqbal
Project Director, Dasu Transmission Line
cepdpmudasu@gmail.com

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ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.

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