A 5-member delegation of Asian Development Bank (ADB), headed by its Country Director Yong Ye, called on Chairman WAPDA Lt Gen Sajjad Ghani (Retd) on Monday and discussed the financing of various WAPDA projects.

The delegation was briefed about the clean and green energy generation plan of WAPDA to add low-cost cheap and environment-friendly hydel electricity to the National Grid for stabilizing power tariff in the country, said a press release.

The delegation was apprised that WAPDA projects have excellent investment opportunities. The delegation was further informed about the innovative financing strategy for under-construction WAPDA projects, Diamer Basha Dam and Mohmand Dam Hydropower Project in particular, and investment opportunities therein for international financial institutions.

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The portfolio of WAPDA’s upcoming projects, including the Patan and Thakot Hydropower Projects, was also presented to the delegation for Projects Readiness Financing by ADB. The matters relating to the financing of the Naulong Dam Project were also discussed during the meeting.

Speaking on the occasion, the Country Director said that ADB and WAPDA have been partners in the progress of water and hydropower resources in Pakistan for a long. The delegation, during the meeting, showed keen interest in financing WAPDA projects.

Member (Finance) WAPDA and Member (Power) WAPDA were also present on the occasion.