SK Hydro also known as Suki Kinari HPP, is a run-of-the-river hydropower project located on the Kunhar River at Balakot Tehsil in District Mansehra, Khyber Pakhtunkhwa, which has an installed generation capacity of 884 MW.

In March 2005, PPIB publicly advertised seven hydropower sites for implementation in the private sector pursuant to the Policy for Power Generation Projects 2002.

SK Hydro Consortium, having the requisite technical and financial strength, submitted its bid for the Suki Kinari Hydropower project.

The consortium was prequalified, and a Letter of Interest (LOI) for conducting a feasibility study of the project was issued to SK Hydro on 15 November 2005.

The government of the province of Khyber Pakhtunkhwa, Pakistan, announced on August 24, 2016, that it has signed an agreement with SK Hydro Private Ltd. and Industrial and Commercial Bank of China to develop and construct the dam.