Suki Kinari Hydropower Plant

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Suki Kinari Hydropower Plant is a 870-MW hydro power station located at Kaghan Valley, Mansehra District, Khyber Pakhtunkwa Province in Pakistan. The project is expected to start providing 3,081 GWh million of power to the national grid by 2022. The project is launched under the framework of China-Pakistan Economic Corridor (CPEC). The SPV created for the execution of the project is SK Hydro (Pvt.) Limited. It is jointly owned by a consortium White Crystals, which in turn is wholly controlled by the Saudi Arabian company Al Jomaih, China Gezhouba Group International Engineering Company Ltd, and Malaysian company Eden Inc. Berhad. The project represent a greenfield investment. The Khyber Pakhtunkhwa government awarded the 30-year build, own, operate and transfer (BOOT) concession to the consortium following an international competitive bidding process. The total output will be sold to the national grid under a 30-year PPA with the state government. The total cost for the construction and development of the hydro plant is PRs 200 billion ($1.88 billion). It will be financed by 75% debt and 25% equity. The debt will be provided by the Industrial and Commercial Bank of China and China Ex - Im Bank. Financial closure occurred on January 10, 2017. https://ijglobal.com/data/transaction/30075/suki-kinari-hydropower-plant-870mw-ppp http://www.skhydro.com/about-us/background.html https://www.thenews.com.pk/print/177900-Suki-Kinari-hydropower-project-of-870MW-achieves-financial-close