ADB shows keen interest in financing of Wapda projects.

ISLAMABAD -- Pakistan and Asian Development Bank (ADB) Monday discussed financing of various WAPDA projects, including the construction of Naulong Multipurpose Dam Balochistan for which the bank is likely to provide a loan of $152 million. Asian Development Bank (ADB) has showed keen interest in financing of projects of Water and Power Development Authority(WAPDA), said spokesman WAPDA here. A 5-member delegation of Asian Development Bank (ADB), headed by its Country Director Yong Ye, called on Chairman WAPDA Lt Gen Sajjad Ghani (Retd) here. Member (Finance) WAPDA and Member (Power) WAPDA were also present on the occasion. During the meeting with WAPDA authorities, the country director said that ADB and WAPDA have been partners in progress of water and hydropower resources in Pakistan since long. The delegation, during the meeting, showed keen interest in financing of WAPDA projects. According spokesman WAPDA, the delegation was briefed about clean and green energy generation plan of WAPDA to add low-cost cheap and environmentfriendly hydel electricity to the national grid for stabilizing power tariff in the country. The delegation was apprised that WAPDA projects have excellent investment opportunities. The delegation was further informed about the innovative financing strategy for under-construction WAPDA projects, Diamer Basha Dam and Mohmand Dam Hydropower Project in particular, and investment opportunities...