STAFF REPORT ISB: The 102MW Gulpur Hydropower project in Kotli, AJK, has been recognized as the best deal of 2015 in the hydropower sector of the Asia Pacific region at the prestigious IJ Global Awards ceremony held in Singapore last week.

The Asia Pacific Energy and Infrastructure Finance Forum, 2016 arranged the event.

The IJ Global Awards are an annual feature of a leading international economy publication, Infrastructure and Project Finance Magazine.

The awards recognize excellence, achievement and innovation in energy and infrastructure finance.

The Gulpur Hydropower project was selected as winner of the Award for securing $275.5 million as debt financing in a relatively challenging environment.

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