Economic Affairs Division (EAD) Secretary Nargis Sethi, French Ambassador to Pakistan Philippe Thiébaud and Denis Cassat, French Development Agency’s country director for Pakistan, on Wednesday signed the Credit Facility Agreements (CFAs) for establishment of two hydropower projects in Pakistan.
This financing aims at completing the two projects – Mohmand/Munda Hydropower project and Harpo hydropower project – with a total capacity of 785-MW. The Mohmand/Munda Hydropower project (740-MW) is located in Mohmand Agency, Khyber Pakhtunkhwa. The Phase- I of the project being financed by the AFD will enable the government to complete a detailed engineering design, preparatory work and financial closure for construction of the project. The Harpo hydropower project (35-MW) located in Gilgit-Baltistan, Skardu region, will enable the government to meet the future power demand of the region, and to establish a local distribution and transmission network that will benefit the local community with uninterrupted power supply.
