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France Offers Smooth Mortgage of €120 Million for Keyal Khuwar Hydropower Challenge



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France will present Pakistan mortgage help value €120 million for the 128 MW Keyal Khuwar Hydropower Challenge.

Ministry of Financial Affairs (MoEA) Secretary Dr. Kazim Niaz and French Company for Improvement (AFD) Nation Director Philippe Steinmetz signed the Mortgage Financing Settlement value € 120 million for the venture.

The French mortgage help will assist the 128 MW facility, situated in Khyber Pakhtunkhwa (KP), close to town of Pattan. This tender mortgage will assist the Water & Energy Improvement Authority (WAPDA) in its mandate of hydroelectricity sector growth in Pakistan.

The funding may even assist improve the competitiveness of renewable energy era thus selling affordability and scaling up the power provide. These will probably be achieved whereas additionally mitigating the impacts of energy era on local weather and the setting, consistent with the insurance policies of the Authorities of Pakistan.

The venture will contribute to the Authorities of Pakistan’s technique to develop inexperienced power, scale back greenhouse fuel emissions, and climate-friendly tasks, consistent with the French pledge and commitments introduced on the Worldwide Convention on Local weather Resilient Pakistan, which came about in Geneva on January 9, 2023.

The Republic of France by the French Company for Improvement is working in Pakistan offering technical and monetary assist within the power and concrete growth sector aiming at inexperienced funding in Pakistan. The Secretary thanked the French authorities and AFD for extending this monetary help to Pakistan.





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