Monday, March 16, 2009

ADB to provide $630 mln to Pakistan energy sector

ISLAMABAD, March 13 (Chinese media) -- The Asian Development Bank (ADB) is to

provide about 630 million U.S. dollars to Pakistan in the next three years for

the development of its energy sector, state radio reported on Friday.

The assistance will be used for power generation of renewable and

hydropower energy and power transmission stations, Radio Pakistan said.

The ADB will also provide technical assistance in clean energy development

initiatives, reports said.

Pakistan is facing shortage of power due to lack of power development and

burgeoning energy requirement.

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