Through this Early Disclosure, IFC provides access, early in the environmental and social assessment process, to this draft Environmental and Social Impact Assessment (ESIA). This ESIA has been prepared by the client and should not be taken as an indication that IFC has completed its review of the potential investment. The purpose of this Early Disclosure is to enhance the transparency of IFC’s activities with reference to those projects or investments with potential significant adverse environmental and social risks and/or impacts. Any project documentation or data included or attached herein has been prepared and authorized for public release by the client.
The disclosure of this ESIA should not be construed as presuming the outcome of IFC’s review of the potential investment or the decision of its Board of Directors. An updated version of the ESIA reviewed by IFC may be disclosed at a later stage. In addition, prior to any consideration of the investment by IFC’s Board of Directors, the Summary of Investment Information (SII) and the Environmental and Social Review Summary (ESRS) would be disclosed at least 60 days in advance.
Mira Power Limited (“MPL” or the “Company”), a special purpose vehicle, was formed to undertake the construction, operation and maintenance of a 100MW run-of-the-river hydro power plant under a Build-Own-Operate-Transfer scheme (the “Project”). Located 167 km east of Islamabad, the Project components are situated 5 km south of Kotli Town on the Poonch River and its confluence with the Bann Nullah River. The Project will sell all of its electricity to the National Transmission and Dispatch Company of Pakistan under a 30-year Power Purchase Agreement. The Project cost is approximately US$344 million.