WASHINGTON, September 24, 2020 – The World Bank’s Board of Directors approved today the following project:
Khyber Pakhtunkhwa Hydropower and Renewable Energy Development Project
IBRD Loan: $200 million
Terms: Maturity = 27 years, Grace = 7 years
IDA Credit: $250 million
Terms: Maturity = 30 years, Grace = 5 years
Project ID: P163461
Project description: The project will support Pakistan’s transition to renewable energy resources that reduce its reliance on fossil fuel imports and lower costs of electricity production.