EIB finances Pakistan hydropower project
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19 February 2014
The European Investment Bank (EIB) has approved a long-term loan of € 100 million (US$ 137 million) to the Government of Pakistan for the construction of the Keyal Khwar Hydropower project.
The Keyal Khwar Hydropower project consists of a 128 MW run-of-river hydropower plant with a small 1.5 ha reservoir for daily regulation. Power achieved from the project is fed directly to Pakistan’s national power grid.
The Water and Power Development Authority (WAPDA) is responsible for the construction of the plant. Work started in January 2013 and is scheduled to take four years to complete.
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