The Asian Development Bank has reportedly assured Pakistan that it would provide financial and technical support to the multibillion-dollar Diamer-Bhasha dam project.
According to a PakTribune report, the bank is expected to lend $500 million to the project, which when completed is seen to generate 4,500 megawatts of electricity daily. ADB, the newspaper says, is mulling over an option to extend the loan in partnership with other donors.
Juan Miranda, director general of ADB’s Central and West Asia Department, held talks with Minister for Water and Power Syed Naveed Qamar on Tuesday (May 25), according to PakTribune. In the meeting, Naveed Qamar requested ADB assistance to rehabilitate power generation companies as well as fund a tube well energy efficiency project, small and medium-sized dams, and capacity building efforts in some organizations.
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