World Bank has agreed to grant loans for three projects,” said a senior official of the K-P energy and power department who held a meeting with the international financial institution’s delegation in Islamabad on Monday.
The K-P government has been negotiating with the World Bank for securing a Rs70 billion loan to finance its developmental projects.
The projects include Gabral-Kalam Hydro Power Project (HPP) in Swat which will add 110 megawatts to the grid. The project is estimated to cost $413 million.
It also includes Barikot Patrak hydropower project in Upper Dir which is 47 megawatts with a cost of $148 million. Shringal-Patrak hydropower project is the third project which will add 22megawatts and is estimated to cost $83 million.