PHOTO: AFP/FILE
Acumen, a non-profit global venture firm addressing poverty across Africa and in South Asia, today announced its first investment in the growing rural energy sector of Pakistan.
Acumen is giving a loan of Rs86 Million to the Aga Khan Rural Support Programme (AKRSP) to support the creation of four community managed micro-hydel units in Chitral. These plants will provide 24-hour clean electricity to remote off-grid communities in Chitral district, a region with limited access to electricity.
“There is a growing need for reliable power in Pakistan’s rural communities right now,” said Farrukh H Khan, Pakistan Country Director, Acumen Fund.
The investment in four micro-hydel units will provide an opportunity to test and demonstrate the viability of investments in off-grid community-based models, paving the path for scaling-up through replication.
Published in The Express Tribune, May 7th, 2013.
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