IBRD Loan: $400 million
Terms: Maturity = 21 years: Grace = 6 years
IDA Credit: $440 million
Terms: Maturity = 25 years: Grace = 5 years
Project ID: P115893
Project Description: The availability of electricity is of crucial importance for the economic growth and development of Pakistan. Widespread load shedding is disrupting the lives of ordinary Pakistanis and the economic impact of energy shortages is estimated at upward of 2 percent of GDP. By developing its vast hydropower potential - of which only 15% has been developed - Pakistan can significantly reverse the situation.