Hydropower plant in Balakot, Pakistan: Islamabad has also taken a loan of $ 280 million from Asian Infrastructure Investment Bank (AIIB) for this project.
Imran Khan (File Photo)
Hydropower plant in Balakot, Pakistan: Pakistan, which is living a life of borrowing, is preparing to set up a huge power project in Balakot. Pakistan is building a 300 MW hydropower plant at Balakot. For this, the Asian Development Bank (ADB) has approved a loan of 300 million dollars (about 2195 crore rupees) to Pakistan. The ADB issued a statement on Tuesday and informed about this.
Balakot is the same place where India carried out an air strike and destroyed terrorist targets. After the terrorist attack in Pulwama in 2019, India took this big action. The Asian Development Bank said in its statement, ‘The Asian Development Bank (ADB) has approved a loan of $ 300 million for the construction of a 300 MW capacity hydropower plant. This will help Pakistan to increase its share of clean energy. At the same time, the country’s energy security will also improve.
#ADBNEWS: ADB approved a $300 million loan to finance the construction of a 300-megawatt hydropower plant that will increase the share of clean energy in Pakistan & improve the country’s energy security.
The plant will add 1,143 gigawatt-hours of clean energy annually.
Read ⬇️
— Asian Development Bank (@ADB_HQ) March 30, 2021
Will help in making more electricity
The Manila-based bank says that the government of Pakistan will invest $ 175 million in the project. Apart from this, Islamabad has also taken a loan of $ 280 million from Asian Infrastructure Investment Bank (AIIB) for this project. The Asian Development Bank says that this plant will increase 1,143 gigawatt-hours of clean energy. Also, stability and reliability will increase in the energy sector.
Where will this power plant be built
This plant will be built on the Kunhar river flowing near Khyber Pakhtunkhwa. It is believed that by 2027 this power plant will be ready. According to the information, this plant will be earthquake resistant. Also, it will not make any difference to the weather. The bank says that this will also create more than 1200 jobs for the local people.
read this also
… So China has finally crushed democracy in Hong Kong, amended election laws and increased its hold on the city
.