Business

Success story IDB picks three Pakistani projects as examples

The three projects are currently owned and operated by Wapda

Our Correspondent April 15, 2017

The three projects are currently owned and operated by Wapda. PHOTO: FILE

LAHORE: The Islamic Development Bank (IDB) has selected three of Pakistan’s hydropower projects as examples for its report about successful financial projects of the multilateral development financing institution.

The three projects - Khan Khwar, Allai Khwar and Duber Khwar - are currently owned and operated by the Pakistan Water and Power Development Authority (Wapda) and were constructed with help from the IDB.

The report will be finalised and presented during the 42nd Annual Meeting of the IDB Board of Governors to be held in Jeddah, Saudi Arabia on May 17 and 18 for showcasing the organisation’s successful contributions.

Islamic Development Bank offers $500m for TAPI pipeline

The IDB provided financial assistance to the tune of $150.2 million for the construction of the Khwar Projects in Pakistan. This financial assistance included $38.435 million for Allai Khwar, $30.805 million for Khan Khwar and $80.96 million for Duber Khwar.

Published in The Express Tribune, April 15^th, 2017.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.