ADB to lend $900m for power generation
2 new super-critical coal-fired power generation units will be constructed with a capacity of 600MW each.
The loan deal being signed between Economic Affairs Division Secretary Ms Nargis Sethi and ADB country Director Mr Werner E Liepach. PHOTO: PID
ISLAMABAD:
In the wake of immense power shortage, Asian Development bank (ADB) has granted a loan of $900 m to Pakistan for the generation of Electricity through Jamshoro Power project.
The loan deal was signed today at the Prime Minister’s Secretariat house between Economic Affairs Division Secretary Nargis Sethi and ADB country Director Werner Liepach in the presence of Finance Minister Mohammad Ishaq Dar.
Finance Minister Mohammad Ishaq Dar thanked ADB for vigorous support to address power issue. He assured that Pakistan is committed to muster all its efforts to reduce power shortages.
With the assistance of Jamshoro power generation project two new super-critical coal-fired power generation units will be constructed with a capacity of 600 Mega Watts (MW) each and will be executed by GENCO Holding Company Limited and implemented by Jamshoro Power Company Limited in Sindh.
The power generation units will create jobs in Sindh and help solve energy crisis.
In the wake of immense power shortage, Asian Development bank (ADB) has granted a loan of $900 m to Pakistan for the generation of Electricity through Jamshoro Power project.
The loan deal was signed today at the Prime Minister’s Secretariat house between Economic Affairs Division Secretary Nargis Sethi and ADB country Director Werner Liepach in the presence of Finance Minister Mohammad Ishaq Dar.
Finance Minister Mohammad Ishaq Dar thanked ADB for vigorous support to address power issue. He assured that Pakistan is committed to muster all its efforts to reduce power shortages.
With the assistance of Jamshoro power generation project two new super-critical coal-fired power generation units will be constructed with a capacity of 600 Mega Watts (MW) each and will be executed by GENCO Holding Company Limited and implemented by Jamshoro Power Company Limited in Sindh.
The power generation units will create jobs in Sindh and help solve energy crisis.