ISLAMABAD: France will provide soft loan of 120 million euro for Keyal Khuwar 128 megawatt hydropower project in Khyber Pakhtunkhwa.

An agreement to this effect was signed between Ministry of Economic Affairs and French Agency for Development here.

Secretary Economic Affairs Dr. Kazim Niaz and Country Director AFD Philippe Steinmetz signed agreement.

Funding will help enhance competitiveness of renewable power generation as well as promoting affordability and scaling up energy supply. Project will contribute to Pakistan’s strategy to develop green energy, reduce greenhouse gas emissions and climate-friendly projects, in line with French pledge and commitments announced at International Conference on Climate Resilient Pakistan in Geneva this month. 

Published in The Daily National Courier, January, 18 2023

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