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KHYBER PAKHTUNKHWA | Suki Kinari Hydropower Plant | 870 MW | U/C
SK Hydro also known as Suki Kinari Hydropower Plant, is an under construction, run-of-the-river hydropower project located on the Kunhar river in the Kaghan valley of Mansehra District, Khyber Pakhtunkhwa, which has an installed generation capacity of 870 MW.
Power Producer (IPP) in Pakistan.
The construction activities at the site of project have already commenced and the project is expected to start injecting 3,081 GWh million clean, reliable and affordable units of electricity each year to the national grid by 2022.
Further, the government of Khyber Pakhtunkhwa will also receive a significant amount of Rs 1.3 Billion per annum as water use charges, while after 30 years of operations on Build-Own-Operate-Transfer (BOOT) basis under the Power Policy 2002, the Project will be transferred to the provincial government at a notional price of Rs 1.
Suki Kinari project is located on the River Kunhar, a tributary of River Jhelum, District Mansehra, in the eastern part of Khyber Pakhtunkhwa between Naran and Paras towns.
Khyber Pakhtunkhwa, M/s Al-Jomaih Holding Company, (LLC) (Saudi Arabia), China Gezhouba Group Company (China) and Haseeb Khan (Pvt) Ltd. (Pakistan) are sponsors of the project. “Suki Kinari project is being developed with an investment outlay of US$ 1,800 million through debt equity ratio of 75:25 percent. The lenders for the project include Export-Import Bank of China, and Industrial and Commercial Bank of China (ICBC).” it added.
Minister for Water and Power Khawaja Muhammad Asif said this latest development reflected the federal government pledge to make CPEC a foundation for eliminating load-shedding and achieving self-reliance through generating clean and affordable electricity in the country.
Setting up of hydro power projects, he said, would improve availability of energy mix in the country and reduce dependence on imported fuel resulting into saving of millions of dollars of precious foreign exchange annually.
SK Hydro also known as Suki Kinari Hydropower Plant, is an under construction, run-of-the-river hydropower project located on the Kunhar river in the Kaghan valley of Mansehra District, Khyber Pakhtunkhwa, which has an installed generation capacity of 870 MW.
Power Producer (IPP) in Pakistan.
The construction activities at the site of project have already commenced and the project is expected to start injecting 3,081 GWh million clean, reliable and affordable units of electricity each year to the national grid by 2022.
Further, the government of Khyber Pakhtunkhwa will also receive a significant amount of Rs 1.3 Billion per annum as water use charges, while after 30 years of operations on Build-Own-Operate-Transfer (BOOT) basis under the Power Policy 2002, the Project will be transferred to the provincial government at a notional price of Rs 1.
Suki Kinari project is located on the River Kunhar, a tributary of River Jhelum, District Mansehra, in the eastern part of Khyber Pakhtunkhwa between Naran and Paras towns.
Khyber Pakhtunkhwa, M/s Al-Jomaih Holding Company, (LLC) (Saudi Arabia), China Gezhouba Group Company (China) and Haseeb Khan (Pvt) Ltd. (Pakistan) are sponsors of the project. “Suki Kinari project is being developed with an investment outlay of US$ 1,800 million through debt equity ratio of 75:25 percent. The lenders for the project include Export-Import Bank of China, and Industrial and Commercial Bank of China (ICBC).” it added.
Minister for Water and Power Khawaja Muhammad Asif said this latest development reflected the federal government pledge to make CPEC a foundation for eliminating load-shedding and achieving self-reliance through generating clean and affordable electricity in the country.
Setting up of hydro power projects, he said, would improve availability of energy mix in the country and reduce dependence on imported fuel resulting into saving of millions of dollars of precious foreign exchange annually.