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World Bank has approved five projects for Pakistan: Dar

Four of the approved projects relate to energy, while one project relates to public sector reform

Web Desk February 07, 2015

Dar assured that these projects would be accorded priority and will be completed within the stipulated timeframe. PHOTO: PID

Minister of Finance Senator Ishaq Dar on Saturday said that the World Bank had accorded its approval for the construction of five power projects in Pakistan, Radio Pakistan reported.

According to a statement released, the projects approved include the Gul Ahmad wind power project, the Tenaga Generasi wind power project, Gulpur hydro power project, the acceleration of Tarbela IV extension project and the Sindh Public Sector Reform project. The energy projects are expected to add over 10,000 MW to national energy basket when operational.

According to the statement, this is the largest portfolio ever approved by the World Bank board of directors in one month.

Dar assured that these projects would be accorded priority and will be completed within the stipulated timeframe.

The Finance Minister added that the approval of the loan by the World Bank was reflection of the trust of the world body on the policies of the government.

COMMENTS (7)

AVMPolpot | 9 years ago | Reply " Dar assured that these projects would be accorded priority and will be completed within the stipulated timeframe." +++++++++++++++++++++++++++++++++++++++++++++++ To judge the credibility of the Govt pls read the ET Report: http://tribune.com.pk/story/832415/low-priority-govt-puts-gadani-power-project-on-the-back-burner/ An extract: "The Gadani Power Park was one of the first few mega projects approved by Sharif to address the energy crisis in the medium to long term. Sharif had announced that 10 coal-fired power plants, each having a generation capacity of 660MW, would be set up at Gadani, and promised that they would be completed within five years. Nasrullah said China objected to the high cost of the project and also disagreed with the technical design, he added.The deputy chief said that after the Chinese objections, the government has reduced the number of projects to four,Nasrullah said the Gadani power plants had been placed among seven projects, which will be completed after 2018. He said the government has already spent Rs180 million on conducting various studies for the project."

Blithe | 9 years ago | Reply @raider: Get a life ! Learn to appreciate the positive news. ... Or go as the container brigade did. ...

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AVMPolpot | 9 years ago | Reply @raider:" man can you run a project by yourself technically, professionally and financially or we are to get humiliated by Indians and whole world" +++++++++++++++++++++++++++++++++++++++++++++++++ It doesnt make sense to announce new projects when the 2 or 3 decade old Neelum Jhelum HydroProject is limping for shortage of funds?

AVMPolpot | 9 years ago | Reply What a shame that the Daimer Bhasha Dam is not included in the list of approved projects. +++++++++++++++++++++++++++++++++++++++++ Despite earlier proclamations by Mr Dar that the WB had done so.

Gp65 | 9 years ago | Reply Ah so now you have stopped talking about Diamer Bhasha after claiming initially that the approval was just around the corner

Shah | 9 years ago | Reply Munshi g. you are just an accountant, i wonder PML-N is so poor that they don't have an economist in such a big party.

raider | 9 years ago | Reply man can you run a project by yourself technically, professionally and financially or we are to get humiliated by Indians and whole world, where is engineer mian sb claiming to change the destiny of the nation if once they get power at federal level, have a five year tenure plz, and i may be mistakenly but hopefully anticipate failure even 50 years, because call is going on wrong number, keep it up we will never let u to run like previous tenures

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