World Bank to provide over $3 billion for infrastructure development in energy sector.

ISLAMABAD -- In addition to providing assistance for Dasu Hydropower Project, World Bank would provide more than $3 billion for infrastructure development in energy sector.

This was disclosed in the meeting of Federal Minister for Energy Khurram Dastgir Khan with the officials of World Bank. A high level delegation of World Bank has called on Federal Minister for Energy Khurram Dastgir khan here Monday.

During the meeting, the minister said that the government has taken tough and difficult decisions in power sector. The minister has said that the decisions to increase electricity prices were politically difficult but government is committed to ensure sustainability of energy sector. The minister has said that the government is committed to providing relief to common man.

It is worth mentioning here that World Bank had committed $840 million for Tarbela Fourth Extension Hydropower Project(T4HP). Tarbela Fourth Extension Hydropower Project (T4HP) project has added 1,410 megawatt (MW) to Tarbela Dam's generation capacity. Under the project a power plant of 1,410 MW has been installed on the fourth tunnel at Tarbela Dam. Similarly, World Bank is funding Tarbela Fifth Extension Hydropower Project (T5HP) under which an additional power plant at Tunnel 5 of Tarbela dam will be installed. World Bank has a commitment of $390 million for the project. This is expected to bring total generation...