ADB expresses keen interest in financing WAPDA projects

The Asian Development Bank has showed keen interest in financing Water and Power Development Authority's projects.

The interest was expressed in a meeting between 5-member delegation of Asian Development Bank, headed by its Country Director Yong Ye and Chairman WAPDA Lt Gen(Retd) Sajjad Ghani in Islamabad on Monday.

The Country Director said ADB and WAPDA have been partners in progress of water and hydropower resources in Pakistan since long.

On the occasion, the delegation was briefed about clean and green energy generation plan of WAPDA to add low-cost cheap and environment-friendly hydel electricity to the National Grid for stabilizing power tariff in the country.

The delegation was apprised that WAPDA projects have excellent investment opportunities.

The delegation was further informed about the innovative financing strategy for under-construction WAPDA projects, Diamer Basha Dam and Mohmand Dam Hydropower Project in particular, and investment opportunities therein for international financial institutions.

Source: Radio Pakistan