• About
  • Advertise
  • Careers
  • Contact
Monday, April 12, 2021
  • Login
WRITE FOR US
Economy.pk
  • World
    • Americas
    • Asia
    • Europe
    • Canada
    • Africa
    • Middle East
    • Oceania
  • Politics
    • International Politics
    • Pakistan Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Sports
  • Education
  • Life & Style
    • Personalities
    • Entertainment
    • Art
    • Fashion
    • History
    • Culture
    • Health
      • Environment
      • Fitness
    • Food
  • Opinions
  • World
    • Americas
    • Asia
    • Europe
    • Canada
    • Africa
    • Middle East
    • Oceania
  • Politics
    • International Politics
    • Pakistan Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Sports
  • Education
  • Life & Style
    • Personalities
    • Entertainment
    • Art
    • Fashion
    • History
    • Culture
    • Health
      • Environment
      • Fitness
    • Food
  • Opinions
Economy.pk

ADB to give $300M to Pakistan for 300MW hydropower plant

byAleena Arif
2 weeks ago
in Asia, Business, Economy, New
0
ADB to provide Pakistan $300m
79
SHARES
540
VIEWS
Share on FacebookShare on Twitter

On Tuesday, The Asian Development Bank announced that it will be extending Pakistan a $300 million loan to finance the construction of a 300-megawatt hydropower plant near Balakot.

“The Asian Development Bank (ADB) has approved a $300 million loan to finance the construction of a 300-megawatt hydropower plant that will increase the share of clean energy in Pakistan and improve the country’s energy security,” said the lender in a statement.

#ADBNEWS: ADB approved a $300 million loan to finance the construction of a 300-megawatt hydropower plant that will increase the share of clean energy in Pakistan & improve the country’s energy security.

The plant will add 1,143 gigawatt-hours of clean energy annually.

Read ⬇️

— Asian Development Bank (@ADB_HQ) March 30, 2021

The Manila-based lending agency said the government will invest $175 million in the project. It also shared that Islamabad has requested a $280 million loan in project co-financing from the Asian Infrastructure Investment Bank (AIIB) as well.

The ADB said that the plant will add 1,143 gigawatt-hours of clean energy to Pakistan’s energy mix and also improve the energy sector’s reliability and sustainability.

Tags: AIIBAsian development bankHydropowerManilaPakistan
Aleena Arif

Aleena Arif

Next Post
Conference

FM Qureshi attends the Heart of Asia Conference

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Recommended

Appzone

Africa’s Fintech Appzone upraises $10M

RoboTaxi

Cruise in talks to launch RoboTaxi services in Dubai

e-passports

Sheikh Rashid claims e-passports to be launched by June

Administrative Zone

South Punjab to be separate Administrative Zone: PM Imran

Mobile Lungar

Buzdar initiates Mobile Lungar project in Lahore, Faisalabad

investment

Govt working to attract foreign investments: Shah Mehmood

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Twitter

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Careers
  • Contact

© 2020 All Rights Reserved Economy.pk

  • Finance
  • Politics
  • Business
    • Technology
    • Real Estate
    • Entrepreneurship
  • Life & Style
    • Personalities
  • Sponsored

© 2020 All Rights Reserved Economy.pk

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In