In a major development, European Union (EU) has shown interest to finance Munda Dam project and to establish micro hydro power projects in various parts of the country. Ambassador of EU Lars Gunnar Weigmark on Thursday called on the Minister for Water and Power Syed Naveed Qamar. He said EU is keen to invest in the power sector to help resolve the energy crisis particularly in the far flung areas. Some of the countries under EU commission are already funding various water and power and energy conservation projects individually or with the collaboration of donors in Pakistan.
He briefed the Minister on EU country programme for Pakistan and said that rural development, good governance and better use of water are their priority areas under the programme. He said that they have planned to establish community based hydro projects in 1000 union councils of Malakand, small hydro plants in northern areas and Khyber Pakhtunkhwa. EU has also granted 70 million euros for rehabilitation and upgradation of two power plants in Multan and Faisalabad while 30 million euros have been allocated for small hydro plants in northern areas.
EU shows interest in financing Munda Dam
