Additional Financing to PK: Tarbela 4th Extension Hydropower Project (WB-P157372)

Countries
  • Pakistan
Where the impacts of the investment may be experienced.
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
Active
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
Sep 20, 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)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 390.00 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)
$ 823.50 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 @ WB website

Updated in EWS Aug 1, 2017

Disclosed by Bank Feb 1, 2016


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Project Description
The objective of the Additional Financing for the Tarbela Fourth Extension Hydropower Project is to facilitate a sustainable expansion of Pakistan’s electricity generation capacity.’ The primary reason for AF of US$390 million for these scale-up activities is to: (i) utilize the experience gained from implementation of T4HP as the WAPDA team (PMU) is already functional and most of the PMU staff in particular environmental and social unit and procurement and financial management unit will be common for both the projects, (ii) address the issues that are common to both T4HP and T5HP more efficiently e.g. the transmission line proposed under AF is not only going to serve T5 but will be providing required contingencies for T4, (iii) have better coordination in dealing with technical and logistical constraints associated with simultaneous implementation of T4HP and T5HP, (iv) provide flexibility in allocating resources between T4HP and T5HP more efficiently e.g. through AF financial and technical resources would be available to address any unforeseen technical or aftercare issues that may emerge post commissioning of T4HP. In summary, there are substantial efficiency and procedural gains in doing T5HP through a proposed AF as opposed to a new operation.
Investment Description
  • World Bank (WB)
Contact Information
PROJECT CONTACTS World Bank Contact: Masood Ahmad Title: Lead Hydropower Specialist Borrower/Client/Recipient Name: Economic Affairs Division Contact: Mr. Tariq Bajwa Title: Secretary Email: secretary@ead.gov.pk Implementing Agencies Name: Water and Power Development Authority (WAPDA) Contact: Mr. Iqbal Masood Siddiqui Title: GM & PD, Tarbela Dam Project Email: gmnpdtarbela@gmail.com 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.