Sinosure's Underwriting for the Karot Hydropower Station Project in Pakistan

Summary： The Karot Hydropower Station in Pakistan is a major hydropower investment project under the Belt and Road Initiative and a priority energy cooperation project under the China-Pakistan Economic Corridor. Developed and invested in by the China Three Gorges Corporation, it started its commercial operation in June 2022. The total project investment is approximately USD 1.74 billion, with equity accounting for about 20% of the total investment. The debt portion was funded through loans provided by the Export-Import Bank of China, China Development Bank, the Silk Road Fund, and the International Finance Corporation (IFC) of the World Bank. The equity investment and the Chinese debt financing portion were covered by Sinosure's overseas investment insurance, which provided risk protection against risks such as default.