Pakistan Will Receive $3 Billion From The World Bank For The Infrastructure Development Of The Power Sector

ISLAMABAD: The government announced on Monday that Pakistan will receive more than $3 billion from the World Bank for the building of infrastructure in the power industry.

An official statement in this regard claims that the World Bank helps with energy efficiency and conservation programmes in addition to assisting provinces with the installation of solar installations.

The promise followed a meeting between representatives of the World Bank and the team at Power Division led by Minister for Energy Khurram Dastgir Khan.

The group was informed that the administration had made difficult and challenging decisions in the power industry, with an increase in electricity costs being one of the main measures.

Although the administration was dedicated to promoting sustainability in the energy sector, he claimed that it was politically challenging.

The minister declared that “the government is committed to provide help to the common man.”

According to the statement, Khan thanked the World Bank for acknowledging the difficulties the nation was facing and the painful decisions that had to be made as a result.

The CASA-1000 and Dasu power projects were also included in the briefing for the delegation.

The Punjab Resilient and Inclusive Agriculture Transformation Project, worth $200 million, and the Khyber Pakhtunkhwa Accessibility Project, costing $300 million, were both funded through loans totaling $500 million from the World Bank, which had previously signed two agreements with Pakistan.

Written by Aly Bukshi

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