Star Hydro Power Limited is setting up a 147 MW Run-of-the-River Hydropower IPP. The Project is being developed under the GOP Policy for Power Generation Projects, 2002 adopted by the GOAJK (Power Policy) and is on a Build-Own-Operate-Transfer basis with an operation period of 30 years.
The Project was part of the seven sites advertised by the Government of Pakistan in April 2005, inviting interested private parties to invest in the hydropower sector of Pakistan and AJ&K. The then sponsors of the Project expressed their interest to develop the Project. Private Power & Infrastructure Board (PPIB) issued the Letter of Interest (LOI) to the sponsors of the Project in October 2005 after a process of competitive evaluation of capability, financial strength and experience of all interested investors.
Star Hydro Power Limited was incorporated in April 2006 to implement and carry out the Project. The sponsors of the Company are the three leading Korean companies (i.e. Korea Water Resource Corporation (K-water)and Daewoo Engineering & Construction Company (Daewoo) they have acquired 100% shareholding in the Company through their special purpose Singapore-based vehicle, KDS Hydro.
© 2011 Star Hydro Power Limited