Azad Pattan Power Private Limited (The “Company” or “APPL”) is the owner and developer of the 700.7 MW Azad Pattan hydroelectric power generating complex (the “Project” or “Azad Pattan HPP”) on River Jhelum located in district Sudhnoti.

The Project is being developed under the Government of Pakistan Policy for Power Generation Projects 2002 on Build-Own-Operate-Transfer (BOOT) basis, whereby the Project would be transferred to the Government, free of cost, at the end of a 30-year concession term.

The Azad Pattan HPP, part of China Pakistan Economic Corridor (“CPEC”), is one of the cascade hydropower projects planned by the Government of Pakistan on River Jhelum comprising (from upstream to downstream) Chakoti Hattian, Kohala, Mahl, Azad Pattan and Karot. Once commissioned, the Project will generate about 3.3 billion units of clean energy every year.

Letter of Support (LOS), as amended from time to time, was issued by Private Power Infrastructure Board (PPIB) on June 30th, 2016. The construction period is sixty-nine (69) months and the project will commence commercial operations towards the end of 2027 when it starts feeding the national grid.