Pakistan, July 10 -- The IFC Board of Executive Directors has approved IFC's Management Action Plan in response to a Compliance Advisor Ombudsman (CAO) investigation of IFC's investment supporting the Karot Hydropower Project in Pakistan.IFC's support for the project included a 15 percent equity investment of US$125 million in China Three Gorges South Asia Investment Limited, approved in 2014, and a US$100 million loan to Karot Power Company Limited, approved in 2016. The project consists of a 720-megawatt hydropower plant on the Jhelum River that began commercial operations in June 2022 and contributes to Pakistan's energy security by generating renewable energy for an estimated 3.8 million residential customers. Consistent with IFC's stan...