The World Bank (WB) has offered to finance the feasibility study of setting up a transmission line to import 1,200 megawatts (MW) of power from India, Pakistan has sent the draft of the initial power trade deal to its eastern neighbour despite opposition from various quarters.
“Now, the World Bank has also offered to finance a feasibility study along with the (installation of) transmission line to import 1,200MW power from India,” a senior Pakistani government official said, adding that a draft of Memorandum of Understanding (MoU) was handed over to Indian authorities in a recent meeting held in New Delhi.
He said India would respond to Pakistan after going through the draft of initial deal. Pakistan would import 500MW of power initially, to be enhanced to 1,200MW at a later stage. The plan could be implemented within a year by laying a transmission line, he added.
“The estimates of required finance will be known once a feasibility study is done,” he said, adding that only the route of transmission had been identified in the initial study.