ISLAMABAD
France has provided Rs 8.5 billion for two hydropower projects the Mohmand Hydropower Project (740 Mw) located and KP Harpo Hydropower Project (35 MW) in the Gilgit Baltistan, Skardu region.
To this effect on Wednesday Nargis Sethi, Secretary of Economic Affairs Division (EAD), Mr. Philippe Thiébaud, Ambassador of France, and Denis CASSAT, Country Director of the French Development Agency (AFD), signed the Credit Facility Agreements (CFAs) for the establishment of Pakistan 02 Hydropower projects.
This financing aims at completing the 02 hydropower projects with a total capacity to produce 785MW.
The Mohmand/Munda Hydropower project (740 MW) is located in the MOHMAND AGENCY, Khyber Pakhtunkhwa (KPK). The Phase- I of the project being financed by AFD will enable the Government of Pakistan to complete the detailed engineering design, preparatory works and financial closure for construction of the project.
The Harpo hydropower project (35MW) located in Gilgit Baltistan, Skardu region will enable the Government of Pakistan to meet the future demand of the region and also to establish the local distribution and transmission network which will benefit the local community to get the uninterrupted power supply. This project is being financed with German Government and KFW.
These projects upon completion will ensure: Adaptation of climate change (droughts and floods) in the Khyber Pakhtunkhwa especially in the Peshawar and Nowshera region; Improve the resilience, safety and profitability of hydropower projects.
