Pakistan In Focus - ECONOMIC TIMES OF PAKISTAN - IDB expresses interest in funding hydroelectric energy projects.

The Islamic Development Bank (IDB) has expressed keen interest in financing hydroelectric power projects in Pakistan as the country needs cheap and affordable electricity for all.

The IDB expressed the interest in a meeting between its six-member delegation, headed by its President Dr Bandar MH Hajjar, and Water and Power Development Authority (Wapda) Chairman Lieutenant General (Retired) Muzammil Hussain on Friday.

They discussed potential support for the development of a programme that would facilitate construction of hydroelectric power projects in Pakistan.

The IDB president, expressing keen interest in funding hydroelectric power projects, congratulated Wapda for the recent landmark as the Neelum-Jhelum hydroelectric power project generated 1,040 megawatts of electricity, which was 108percent of its installed capacity of 969MW.

He emphasised that the IDB felt honoured to be a leading partner in the development of that engineering marvel.

The IDB provided $357.6 million in financing for the construction of Neelum-Jhelum power project. In addition to that, it provided financial assistance of $150.2 million for...