Asian Development Bank approves $300 million loan for Pakistan ...palestine

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Asian Development Bank approves $300 million loan for Pakistan
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The Asian Development Bank has approved a $300 million loan to finance a 300-megawatt hydropower plant that would increase the share of clean energy in Pakistan and improve the country’s energy security. The plant will add 1,143 gigawatt-hours of clean energy annually to the country’s energy mix, enhancing the energy sector’s reliability and sustainability. The power station, which will incorporate seismic strengthening and climate-proofing measures, will be built on the Kunhar river near Balakot City in Khyber Pakhtunkhwa. It will be commissioned by 2027. “Pakistan is highly vulnerable to climate change, with water resources and energy particularly at risk from floods, droughts

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