Chinese Government provides USD 16.3 million loan for 18 MW Naltar Hydropower Plant 4 Project
Commitment amount
$ 41012138.646426514
Adjusted commitment amount
$ 41012138.65
Constant 2021 USD
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Pakistan
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
In December 2001, the Chinese Government and Government of Pakistan signed a $16,310,011 loan agreement for the 18 MW Naltar Hydropower Plant 4 Project. The specific Chinese financier and borrowing terms are unknown. As of June 30, 2007, this loan was fully disbursed. The purpose of this project was to construct an 18MW hydropower plant near the village of Naltar Pine in Gilgit−Baltistan. A Chinese firm called CLIC (or Click) and Pakistan’s Ministry of Kashmir Affairs and Northern Areas (KANA) were jointly responsible for project implementation. A feasibility study was completed in 2000. The 18 MW hydropower plant was put into operation in October 2007. Then, in February 2012, the Gilgit-Baltistan Legislative Assembly constituted a committee, headed by the provincial minister for power Wazir Shakeel, to investigate corruption charges in the 18 MW Naltar Hydropower Plant-IV Project. The committee was also given a mandate to investigate technical deficiencies in the design of the project, which apparently led to cracks in the reservoir. A group of engineers reported that aquatic worms or insects apparently ate the concrete, which led to the widening of cracks in the walls of the reservoir.
Additional details
Found on "P" tab of Status Report.
Number of official sources
2
Number of total sources
13
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Pakistan [Government Agency]