Neelum Jhelum hydropower project

Pakistan's liquid and energy developing Authority has already reached an important milestone inside construction of this 969-MW Neelum Jhelum hydropower plant utilizing the conclusion associated with task's left intake tunnel.

The started run the 10.4 km-long tunnel in January 2013, at the same time looking with standard blasting and drilling techniques through the upstream side and a tunnel boring device from the downstream side.

Comparable tasks are also becoming carried out on the task's opposite side, with conclusion of 's right tunnel anticipated in the 1st quarter of the following year. WAPDA officials said the right tunnel's conclusion places the center on schedule to start generating energy at the beginning of 2018.

HydroWorld.com that a consortium of 16 banking institutions awarded more than US$1.474 billion towards the Neelum Jhelum Hydropower Co. Ltd. to keep the development of the project project.

The run-of-river project has been developed by Pakistan's liquid and energy developing Authority utilizing liquid redirected from the Neelum River in Pakistan-occupied Kashmir.

Building of plant is approximately 80per cent full, relating to credit score company JCR-VIS, which offered the sukuk a AAA initial score.

Neelum Jhelum features sparked controversy throughout its development - such as as a result of conditions set up between Pakistan and India because of the 1960 Indus Water Treaty. With Asia building its 330-MW Kishenganga project for a passing fancy waterway, the arrangement dictates that whichever country finishes its plant first .

Neelum Jhelum's skyrocketing prices also caused past investors - like the Islamic Development Bank, Kuwait Fund for Development, Saudi Find for developing and Opec developing Fund - this past year.