Gulpur Hydro

active

Gulpur Hydropower Project (HPP) is a 102 MW run-of-river (RoR) hydroelectric power project that is expected to be constructed in 55 months (including approximately 7 months of pre-construction). The Project’s major components include a dam, intake structure and a power house. Energy will be evacuated via an existing transmission line that runs approximately 200 meter from the powerhouse. No new access roads will be needed, with the exception of a 650 m road segment to connect the construction site to the main road. All the project structures will be located near Barali on the Poonch river about 11 km downstream of Kotli town and about 6 km downstream of the confluence of Bann Nullah river with the Poonch river. The intake structure and intake portal of the power tunnel will be located on the west bank of the Poonch river, 150 meters upstream of the weir structure on the eastern face of a ridge. The power house and outlet will be located on the right bank of the Poonch river about 700 meters downstream of the dam structure. The dam will be a concrete gravity dam (CGD) with a height of 66m, length of 205 m, and a spillway having 6 gates (11.5m x 6) with overall width of 86.5m. The Normal Operating Level (NOL) of the project shall be at an elevation of 532 meters from the sea level which was modified from 540 meters in the original plan to reduce environmental and social impacts. The nearest settlements from the project site are Rehmani Mohallah and Naroch Colony with population of 240 and 600 respectively, both located over 500 m from the proposed location of the dam and the power house.The project is being developed by Mira Power Limited (MPL or the “company”), an SPV incorporated in Pakistan. In December 2012, a Korean consortium led by Korea South East Power Company Limited (“KOSEP” or the “sponsor”) acquired 100% of the shares in the company from the initial shareholders. The total project cost is estimated at approximately US$365 million (including contingencies). The proposed IFC investment consists of up to US$60 million A loan for IFC’s own account, up to US$45 million from IFC acting in its capacity as implementing entity for the Managed Co-Lending Portfolio Program and additional mobilization of up to US$25 million through an IFC B Loan/Parallel Loan.