‘Sign of confidence’: Dar hails WB approval for five energy projects

This is the largest ever portfolio approved by WB executive board in one month


Our Correspondent February 08, 2015
Dar assured that these projects would be accorded priority and will be completed within the stipulated timeframe. PHOTO: PID

ISLAMABAD:


Finance Minister Ishaq Dar has appreciated the World Bank (WB) executive board’s approval for five energy sector projects in Pakistan.


In a statement issued on Saturday, Dar called the approval “a manifestation of the confidence of international organisations in the continued improvement of Pakistan’s economy owing to the prudent fiscal policies of the PML-N government.”

The five schemes approved by the board of WB’s executive directors are the Gul Ahmad Limited and Tenaga Generasi Limited wind power projects, the Gulpur hydro project, the Sindh Public Sector Reform.

Dar said the approval is in line with the government’s ‘four E’s’ policy, which endeavours to promote education, develop economy, eliminate extremism and end the energy shortage. He assured that projects would be completed before the tenure of PM Nawaz Sharif is over.”

According to the statement, this is the largest ever portfolio approved by WB executive board in one month. The energy projects are expected to add over 10,000 MW to national energy basket.

Published in The Express Tribune, February 8th, 2015.

COMMENTS (5)

AVMPolpot | 9 years ago | Reply " The five schemes approved by the board of WB’s executive directors are..." ++++++++++++++++++++++++++++++++++++++++++++++ 1.the Gul Ahmad Limited 2.. Tenaga Generasi Limited (bothwind power projects), 3.the Gulpur hydro project, 1. the Sindh Public Sector Reform.” . ARE ACTUALLY FOUR!
faiq | 9 years ago | Reply Btw what came off nandipur no more lollies to Pak nation and atleast we are cinfident over how stupid you guys are in office dollars
VIEW MORE COMMENTS
Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ