World Bank unveils new Pakistan development projects

The World Bank has approved two projects worth a combined $1.09 billion to improve electricity supply and irrigation in Pakistan.

The Tarbela IV Extension Hydropower Project is designed to boost Pakistan’s power generation capacity by some 1,410 megawatts. It will be financed by $840 million in loans drawn from the International Bank for Reconstruction and Development and the International Development Association. The money will be used to maintain and operate the Tarbela Dam and its infrastructure to generate additional electricity during summer months.

The World Bank also gave the go signal for the $250 million Punjab Irrigated Agriculture Productivity Improvement Program Project. This one will introduce drip and sprinkler irrigation systems, among other modern approaches in a bid to wean Pakistan farmers away from traditional and wasteful flood irrigation approaches.

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About the author

  • 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.