World Bank commits funding to Pakistan's 108-MW Gulpur hydropower project

Pakistan Flag

The World Bank's International Finance Corporation group has agreed to finance the 108-MW Gulpur hydropower plant that will be located on the Poonch River in Pakistan.

IFC said it will extend up to US$60 million for the project, which is part of Pakistan's plan to keep up with its ever-increasing demand for power.

The meeting took place in Islamabad and included IFC officials, alongside Pakistani Minister of Finance Ishaq Dar.

Gulpur is one of several World Bank-funded projects located in Pakistan. HydroWorld.com has previously reported that the international finance agency is providing $840 million for a 1,410 MW extension to the Tarbela hydropower plant.

HydroWorld.com reported this past September that MWH Global had been selected to serve as owner's engineer for Gulpur.

For more news from Asia, visit here.

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