KOEN seeks Islamabad’s support as $1bn hydropower projects face uncertainty

South Korea’s state-owned Korea South-East Power Company (KOEN) has urged Pakistan to remove regulatory hurdles holding up nearly $1 billion in planned hydropower investments, citing delays in tariff determination and uncertainty over the country’s future power generation plan. The development came during a meeting between Federal Minister for Commerce Jam Kamal Khan and a delegation of KOEN, held to discuss the company’s proposed investment in Pakistan’s hydropower sector and matters relating to its two projects in Swat. The delegation was led by KOEN Chief Executive Officer Kim Min Young and included Jang Sungkyu, Deputy Chief Executive Officer; Javid Rashid Chaudhary, Chief Operating Officer; Asim Javed, Director of Finance; and Shahid Javid, General Manager of Project Development.