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IDB to Finance Power Project in Pakistan

  • The Islamic Development Bank (IDB) agreed to finance the Patrind Hydropower project in Pakistan with USD60 million, Arab News reported. The upgrade project will add 147 MW of power to the country's national grid, helping the Asian country increase the use of its renewable resources to generate power and cut dependency on imported fuel. Scheduled to complete by 2016.
  • Pakistan is seeking to bridge its chronic power deficiency, which cased serious setback to national economy, focusing on renewable power, specially hydropower projects.The Patrind Hydropower, according to a study carried out by its sponsors, Star Hydropower Limited, will call for the resettlement of 28 residences in the small village of Patrind on the Kumhar River.

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