Project ID: 43230

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

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2001-01-01

Actual complete

2007-10-01

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

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Pakistan [Government Agency]

Loan Details

Bilateral loan

Investment project loan