Completed Development AidData Chinese Aid

Chinese Government provides $16.3 million loan for 18MW Naltar Hydropower Plant 4 Project

$16.31M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Pakistan
Country	Pakistan
Start Date	Jan 01, 2001
End Date	Sep 14, 2033
Duration	11,944 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`43230`

Grant Description

Chinese Government provides $16.3 million loan for 18MW Naltar Hydropower Plant 4 Project In December 2001, the Chinese Government and Government of Pakistan signed a $16,310,011 loan agreement for the 18MW Naltar Hydropower Plant 4 Project.

📋 Loan / Grant Terms

💰 Loan Amountcarried an 8

📅 Maturity8.5 years

💹 Interest Rate5%

As of June 30, the loan was fully disbursed.

The purpose of the 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.

📋 Staff Comments

1. The borrowing terms of the loan are drawn from the following official

📚 Sources & References

https://www.finance.gov.pk/survey/chapters/09-debt.pdf Sources: More than troops
Chinese projects in PoK worry India
Prime Minister performs Ground Breaking of 14.4 MW Naltar-V Power Project - See more at: http://asianetpakistan.com/official-news/press-information-department/157968/prime-minister-performs-ground-breaking-of-14-4-mw-naltar-v-power-project/#sthash.q8KxLaOI.dpuf
NALTAR HYDROPOWER PROJECT TO BE COMPLETED BY JULY 2016
Status Report July - June 2006-07
Naltar hydropower projects delayed
Feasibility Study of 18 MW Hydroelectric Project at Naltar
Naltar project cost increased, 14.4 MW Naltar-V hydro power project Under Construction Started in 2013 Will be operational at the end of 2016
Chinese experts to inspect Naltar hydel project
GBLA forms committee to investigate faults in 18MW Naltar Power project
Two Chinese engineers, work killed in Pakistan
Insects believed to have caused cracks in water reservoir
Gilgit plunges into darkness
Government of Pakistan External Debt and Liabilities (2006-2007) Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.