Wednesday 21 March 2012

WB approves $1.09b for projects in Pakistan



The World Bank's executive board approved the projects Tuesday, the development lender said.

The World Bank said Tuesday it would fund two projects totaling $1.09 billion, in energy and irrigation, aimed at supporting Pakistan s growth agenda for reducing poverty. 
The $840 million Tarbela IV Extension Hydropower Project will add power generation capacity of 1,410 megawatts, contributing a crucial source of electricity for the economic growth and development of Pakistan, the World Bank said.

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