World Bank assures assistance for hydel, wind power projects

Banking and Finance Oil, Gas and Power

ISLAMABAD: World Bank (WB) has assured to consider financial assistance for more mega hydroelectric and wind power projects in Pakistan and to continue its assistance for ongoing water and power sector projects.

Rachid Benmessaoud, Country Director WB in Pakistan along with four member delegation called on the Minister for Water and Power, Syed Naveed Qamar Friday.

Benmessaoud said the WB is already providing financial assistance for electricity distribution and transmission improvement project (EDTIP), which is likely to be completed within the prescribed time frame.

This will improve the transmission and distribution network in the country by replacing the existing infrastructure, allocated funds of $15.6 million for technical assistance of institutional strengthening and capacity building of power distribution companies. A pilot project for installation of advance metering infrastructure (smart meters) is also being funded by WB.

He said Tarbela extension IV project has also signed with Wapda, which would generate additional 1300 mw and completed within three years. The WB also fully supports the power sector reforms, he added.

He assured the WB would take up more hydel and wind power projects for assistance to resolve the energy crisis.

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