The proposed transaction TA will initiate due diligence and update the feasibility study for a medium-sized run of river Lower Palas Hydropower Project (665-MW). The proposed TA will review the existing documentation and commence preparation of the project for ADB's consideration in 2019. The TA will be complemented by a supplemental transaction TA to be approved in early 2019, which will pick up and conclude the remaining project preparatory work for ADB to consider and lead financing of this as well as one additional hydropower project (Patan Hydropower Development Project 2400-MW).
| Project Name | Preparing Lower Palas Hydropower Project | ||||
| Project Number | 52193-002 | ||||
| Country | Pakistan |
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| Project Status | Dropped / Terminated | ||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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| Drivers of Change | Gender Equity and Mainstreaming Governance and capacity development Private sector development |
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| Sector / Subsector | Energy / Large hydropower generation |
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| Gender Equity and Mainstreaming | Some gender elements | ||||
| Description | The proposed transaction TA will initiate due diligence and update the feasibility study for a medium-sized run of river Lower Palas Hydropower Project (665-MW). The proposed TA will review the existing documentation and commence preparation of the project for ADB's consideration in 2019. The TA will be complemented by a supplemental transaction TA to be approved in early 2019, which will pick up and conclude the remaining project preparatory work for ADB to consider and lead financing of this as well as one additional hydropower project (Patan Hydropower Development Project 2400-MW). | ||||
| Project Rationale and Linkage to Country/Regional Strategy | Despite nearly 100 gigawatts (GW) of recognized hydropower potential in Pakistan, only 9.4 GW has been realized to date. Country's current power generation mix is deeply tilted towards thermal generation from imported fuels at 69%, which on average costs 3 times more per unit than indigenous hydropower generation. This imbalance has primarily put severe pressure on fragile balance of payments situation, undercut sector governance, mopped up sector liquidity, and created unfunded circular debt of PRs. 950 billion ($8.2 billion) as of now. | ||||
| Impact | |||||
| Project Outcome | |
|---|---|
| Description of Outcome | |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | |
| During Project Implementation | |
| Responsible ADB Officer | Aleem, Asad |
| Responsible ADB Department | Central and West Asia Department |
| Responsible ADB Division | Energy Division, CWRD |
| Executing Agencies |
Asian Development Bank 6 ADB Avenue, Mandaluyong City 1550, Philippines |
| Timetable | |
|---|---|
| Concept Clearance | - |
| Fact Finding | - |
| MRM | - |
| Approval | - |
| Last Review Mission | - |
| Last PDS Update | 10 Dec 2018 |
TA 9674-PAK
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 07 Dec 2018 | - | 07 Dec 2018 | 30 Jun 2019 | - | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 225,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 225,000.00 | 07 Dec 2018 | 0.00 |
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