This amount of 1 billion dollar loan will be spent on the phase of Daso Hydro project
Tuesday, June 11, 2024
Islamabad (Urdu Point Newspaper Latest. 11 June 2024) The World Bank has approved a loan of 1 billion dollars for Pakistan. According to the details, money has been released by the World Bank for the Dasu Hydropower Project, this amount of 1 billion dollar loan will be spent on the phases of the Dasu Hydro Project, the World Bank says that the project will improve the supply of electricity. And there will be expansion, the people will have access to socio-economic facilities through the project.
Similarly, the Asian Development Bank (ADB) has also approved a $250 million loan for Pakistan, which will be used to help the government make sustainable investments in infrastructure, fund the government's public-private partnership services. I will help. ADB is supporting the government of Pakistan in its reforms, attracting private investment through public-private partnerships to help the government fill gaps in infrastructure projects in the public sector, the Asian Development Bank said in a statement. will get
The announcement revealed that the Asian Development Bank is promoting the Public Private Partnership Program to implement government policies for economic development, which is part of the Asian Development Bank's government management program. It is being told that the delegation of Asian Development Bank also visited WAPDA House, during which development projects were discussed, Chairman WAPDA said that Asian Development Bank is our valuable partner, WAPDA has greatly benefited from the support of Asian Development Bank in the completion of projects.
On this occasion, the delegation of the Asian Development Bank was briefed that the projects under construction of WAPDA and to be started in the near future, the phased completion of the projects under construction of WAPDA by 2028 will increase the production of hydropower by 10 thousand MW and in the National Grid. The current ratio of eco-friendly and affordable hydropower is 29%, WAPDA is committed to increase the ratio of hydropower to 40% by 2030 and 50% by 2050 in the National Grid.
