Financial close for Pakistan hydropower project

Vania Goncalves 31 Mar 2017 ASIA ENERGY & UTILITIES

Mott Macdonald has announced that the Karot hydropower project in Pakistan has achieved financial close.

The project, to be located on the Jhelum River, will involve the construction of a 95m-high dam, four headrace tunnels, a new public bridge across the river and a spillway structure to manage flood flows.

The 720MW scheme forms part of a cascade project that will help manage the vital water resource of the Jhelum River and provide much needed generation capacity to the country.

Mott MacDonald provided technical support and strategic analysis to the project’s investors in the run-up to financial close. This included reviewing the scheme’s design, change orders and variations and disbursement applications.

The consultancy also assisted with the implementation of environmental and social management plans and advised on compliance with relevant standards and regulatory requirements. The firm will now provide construction monitoring services covering technical, environmental and social matters.

Brian Minhinick, Mott MacDonald’s project director, said: “We are proud to be supporting this milestone project, continuing our leading role in developing Pakistan’s hydropower resource. Once complete, Karot will play a key role in helping address the shortfall in generation capacity by creating a long-term, sustainable power supply.”
The Karot scheme is scheduled for completion in 2021.

The project is part of the China-Pakistan Economic Corridor initiative and is the first hydropower project to be developed by China Three Gorges — a Chinese state-owned power company — in Pakistan.

 

With 11 websites and newsletters covering all the key areas within the construction industry, World Construction Industry Network is the leading global construction information resource. READ ABOUT US
PRIVACY POLICY

STAY IN TOUCH!

LATEST TWEETS

World Construction Network | www.worldconstructionnetwork.com is a product of GlobalData. Copyright © 2020 GlobalData. All rights reserved.