France provides pound 120 mln loan for Keyal Khuwar Hydropower Project.

ISLAMABAD -- The Government of France will provide soft loans of pound 120 million for Keyal Khuwar 128 MW Hydropower Project, located in the Khyber Pakhtunkhwa province.

Secretary Economic Affairs Dr Kazim Niaz and Country Director, French Agency for Development, Philippe Steinmetz signed an agreement in that regard here on Monday, an Economic Affairs Division news release.

The French loan assistance would support the 128 MW facility, located near the city of Pattan in KP. It would also support the Water and Power Development Authority (WAPDA) in its mandate of hydroelectricity sector development in Pakistan.

The funding would also help enhance the competitiveness of renewable power generation thus promoting affordability and scaling up the energy supply.

According to the news release, the Keyal Khuwar project would contribute to the government's strategy to develop green...