4,500 MW Hydro Power Project in Pakistan

Delphos served as a subcontractor to IMG Rebel on a financial structuring engagement funded by the United States Agency for International Development (“USAID”) for the landmark 4,500 MW Diamer Bhasha Dam Project (“DBDP”) in Pakistan with total project costs estimated at $13 billion. The objective of the study was to develop a financing and contracting solution that supports the development of a multipurpose dam based on Public-Private Partnership (“PPP”) principles. Delphos contributed to the financing and regulatory aspects of the study. As part of our work, Delphos analyzed and modeled proposed tariff structures, benchmarked operations and maintenance costs, provided structuring guidance, and advised on likely financing terms.



  • Renewables & Power

Client Name

IMG Rebel

Services Provided

  • Transaction Advisory


  • Asia


  • Pakistan