KARACHI: The Asian Development Bank (ADB) on Tuesday provided Rs300mn to Pakistan for the development of the Balakot hydropower project.
According to the details, the government will contribute $175mn to the project while it seeks $280mn under co-financing from the Asian Infrastructure Investment Bank (AIIB).
The hydropower projects is going to be developed on the Kunhar River and will add 1,143gigawatt-hours of clean energy to the national grid. The plant is going to be developed by 2027.
Moreover, it is anticipated that the hydropower project will create 1200 employment opportunities and 40pc of these job opportunities will be allocated for the locals.
Speaking on the occasion, ADB Principal Energy Specialist Adnan Tareen was of the view that the project will utilise the hydro resources of the country and will generate energy through sustainable and environment-friendly means.
For news and blogs, visit Graana.com.
Quetta: The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved the Balochistan…
Rawalpindi: Phase I of the Rawalpindi Ring Road project is nearing completion, while the Rawalpindi…
Islamabad’s Capital Territory is set to get its own Capital House in Sector F-5 following…
ISLAMABAD: The Capital Development Authority (CDA) has approved an 85% increase in the house rent…
Karachi: Prime Minister Shehbaz Sharif announced on Monday that the federal government, in partnership with…
Islamabad: The Capital Development Authority (CDA) has officially begun handing over developed plots to allottees…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
