Investor Presentaiton
ANNUAL REPORT
Mahl Hydropower Project
P
Private Power and Infrastructure Board
ANNUAL REPORT
Athmuqam Hydropower Project
Private Power and Infrastructure Board
The 640 MW Mahl Hydropower Project is located at about 5 km upstream of the confluence of Mahl
Nullah and Jhelum River. Jhelum River forms the boundary between the Pakistani provinces of Punjab
and Khyber Pakhtunkhwa, and Azad Jammu & Kashmir. The Project falls within both provinces of
Pakistan as well as AJ&K. Under the Policy for Power Generation Projects 2002, the Mahl Project is
being sponsored by the investment arms of China Three Gorges Corporation including China Three
Gorges South Asia Investment Limited (CSAIL), the main sponsors and China Three Gorges
International Corporation (CTGI).
Salient features of project are as follows:
The 450 MW raw-Site Athmuqam Hydropower Project is identified to be located on river Neelum (in
the river stretch from Ashkot up to Dudhnial), AJ&K, in accordance with provisions of Policy for Power
Generation Projects 2015. A consortium of Korean investors comprising Korea Hydro & Nuclear Power
Co, Limited (KHNP), DEALIM Industrial Co, Limited (DAELIM) and LOTTE Engineering & Construction
Co, Limited (LOTTE) is collectively sponsoring this project. PPIB issued Letter of Interest to Sponsors on
30th March 2017 for preparation of bankable feasibility study, obtaining feasibility stage tariff
determination and Letter of Support
Salient features of project are as follows:
Key milestones achieved
Key milestones achieved
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Project Company:
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Sponsors:
Mahl Hydropower Company Private Limited
China Three Gorges South Asia Investment
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Issuance of LOI:
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Approval of Feasibility Study:
21.10.2014
24.01.2017
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Sponsors:
Korea Hydro and Nuclear Company,
> Issuance of LOI:
30.03.2017
DAELIM and LOTTE, Korea
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Limited, China Three Gorges International
(subsidiaries of China Three Gorges Corp),
and & Trans Tech Pakistan
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Approval of Grid interconnection Study: 29.12.2017
Feasibility Stage Tariff Determination
> Location:
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Environmental NOC (KPK):
30.10.2019
09.08.2019
River Neelum, District Neelum, Azad
Jammu & Kashmir
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Approval of Feasibility Study: 03.09.2017
Submission of Feasibility Stage
Tariff proposal
30.10.2019
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Capacity:
450 MW
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Location:
River Jhelum on tri-boundary of AJ&K,
Punjab and KP
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Energy:
1982 GWh
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Project Cost:
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Capacity:
>
Energy:
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Project Cost:
US$ 993 million
> Applicable Policy
2002
640 MW
2676 GWh
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Applicable Policy
US$ 1300 million (proposed)
2015
Major Activities Planned for Next Fiscal Year:
> Environmental Approvals of Punjab and AJ&K
> Issuance of Letter of Support (subject to IGCEP timeline to be approved by NEPRA)
Current Status:
PPIB is targeting to complete this project by Jun 2028, however delay in approval of IGCEP also
affecting the project
Major Activities Planned for Next Fiscal Year:
During this fiscal year the feasibility study was completed by sponsors and approved by PPIB. In parallel for financing
arrangement, the sponsors succeeded to obtain interest of lenders like ISDB, DEG_KfW, OeKB, UBL. Feasibility Stage-1 tariff
proposal was submitted to Power Purchaser however did not process further due to non-availability of approved IGCEP.
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