ADB Supports Hydropower Projects in Pakistan

The Asian Development Bank plans to provide up to $35 million for the development of two hydropower projects in the northern Pakistani province of Gilgit-Baltistan, according to a senior bank official.

The projects are part of ADB’s assistance pipeline for Pakistan in 2011, the Business Recorder reports, citing ADB Country Director Rune Stroem’s statement.

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About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.