The World Bank will provide 1.150 billion dollars concessional financing toPakistan for the two projects to support hydropower and renewable energydevelopment in Khyber Pakhtunkhwa, and transmission of power from DasuHydropower Project.
The Prime Minister Imran Khan witnessed the signing ceremony of twoagreements with the World Bank in Islamabad.
Under the one financing agreement, the World Bank will provide 450 millionfor the Khyber Pakhtunkhwa Hydropower and Renewable Energy DevelopmentProject.
The project is a transformational programme that will help in buildingcapacity for harvesting the vast renewable energy potential of the province.
Under the second financing agreement, the World Bank will provide 700million dollars for Evacuation of Power from Dasu Hydropower (Phase-I)Project.
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The objective of the project is transmission of power from 2160 MW DasuHydropower Project to respective load centers of Distribution Companies byconstruction of transmission line.
Prime Minister Imran Khan, on the occasion said that Pakistan values itspartnership with the World Bank and the government would continue with theobjective of socio-economic uplift of the people.
