Hydro Plant to Ease Nationwide Power Shortages

MANILA, PHILIPPINES – The Asian Development Bank (ADB) will provide $97 million to help fund a new private sector hydroelectricity plant in Pakistan, which will ease power shortages and create thousands of new jobs.

The ADB Board of Directors’ approval of the $97 million loan for the 147-megawatt (MW) run-of-the-river Patrind hydropower plant, between the Kunhar and Jhelum rivers near Muzaffarabad, will help mitigate power shortages and diversify Pakistan’s energy mix.

The project marks the first investment in Pakistan’s power sector by a consortium of companies from the Republic of Korea.

http://beta.adb.org/news/new-pakistan-hydro-plant-ease-nationwide-power-shortages

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