Pakistan and World Bank signed mega agreement over Sindh Solar Energy Project

ISLAMABAD – Pakistan and World Bank have signed an agreement worth US $100.0 million for “Sindh Solar Energy Project” in Islamabad today(Wednesday).

The objective of the project is to increase solar power generation andaccess to electricity in Sindh Province.

The project will support the deployment of solar power in Sindh Provincespanning three market segments: utility scale, distributed generation, andat the household level.

The International Development Association will extend financing of US $100.0 million for the project and Government of Sindh will contribute US $5.0 million.

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Noor Ahmed, Secretary Economic Affairs Division, signed the FinancingAgreement on behalf of the Government of Pakistan while Mr. Musadiq AhmedKhan, Secretary Energy Department, Government of Sindh, signed the ProjectAgreement on behalf of Government of Sindh. Mr. Patchamuthu Ilangovan,Country Director, World Bank signed the Financing and the ProjectAgreements on behalf of International Development Association.