BR100 Increased By (0.01%)
BR30 Increased By (0.53%)
KSE100 Increased By (0.28%)
KSE30 Increased By (0.29%)
AGHA 6.38 Increased By ▲ 0.06 (0.95%)
BECO 4.35 Increased By ▲ 0.08 (1.87%)
BML 62.55 Increased By ▲ 0.10 (0.16%)
BOP 31.39 Increased By ▲ 0.16 (0.51%)
CNERGY 11.73 Increased By ▲ 0.14 (1.21%)
CSIL 5.91 Increased By ▲ 0.19 (3.32%)
FCCL 61.71 Increased By ▲ 0.17 (0.28%)
FFL 14.79 Decreased By ▼ -0.23 (-1.53%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 6.32 Increased By ▲ 0.06 (0.96%)
KOSM 5.90 Increased By ▲ 0.34 (6.12%)
LOTCHEM 24.69 Increased By ▲ 0.01 (0.04%)
MLCF 103.93 Decreased By ▼ -0.15 (-0.14%)
NBP 173.32 Decreased By ▼ -1.96 (-1.12%)
NCPL 51.83 Decreased By ▼ -0.94 (-1.78%)
NPL 54.03 Decreased By ▼ -0.09 (-0.17%)
OGDC 315.87 Increased By ▲ 2.48 (0.79%)
PACE 9.26 Increased By ▲ 0.06 (0.65%)
PAEL 35.58 Decreased By ▼ -0.22 (-0.61%)
PIBTL 13.66 Increased By ▲ 0.19 (1.41%)
PPL 226.07 Increased By ▲ 4.26 (1.92%)
PRL 80.28 Increased By ▲ 1.20 (1.52%)
PTC 46.64 Decreased By ▼ -0.21 (-0.45%)
SSGC 23.82 Decreased By ▼ -0.05 (-0.21%)
TBL 9.24 Decreased By ▼ -0.07 (-0.75%)
TELE 7.55 Increased By ▲ 0.16 (2.17%)
TPL 24.54 Decreased By ▼ -0.57 (-2.27%)
TPLP 12.99 Increased By ▲ 0.48 (3.84%)
TREET 25.98 Decreased By ▼ -0.27 (-1.03%)
TRG 53.33 Decreased By ▼ -0.11 (-0.21%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices IMF-World Bank meetings Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Print Print edition: 2022-08-04

Mohmand Dam hydropower project: $72m worth agreement signed with OPEC Fund

Published Updated
Save
1 min
Comments
By Recorder Report

ISLAMABAD: The government of Pakistan and the OPEC Fund for International Development (OPEC Fund) signed a financing agreement amounting to $72 million for Mohmand Dam Hydropower Project (MDHP).

The financing agreement was signed by Aftab Ahmad Khokher, Pakistan’s Ambassador in Vienna and Dr Abdulhamid Alkhalifa, Director General, OPEC Fund on 15th June 2022 at Vienna, Austria, which has been declared effective as of 27th July 2022.

The Mohmand Dam Hydropower Project is being co-financed by Saudi Fund for Development (SFD), Kuwait Fund for Development (KFD), Islamic Development Bank (lsDB), and OPEC Fund and will be completed by 2025.

Mohmand Dam Project: $180m accords inked with IsDB

The signing of this agreement also reflects the confidence of International Financial Institutions in Pakistan’s economy and its future.

Mohmand Dam Hydropower Project is being constructed on Swat River in Mohmand district of Khyber-Pakhtunkhwa. The construction of this dam will not only generate annually 2,862 GWh of cheap and clean energy but also enhance.

Copyright Business Recorder, 2022

Vienna Mohmand Dam hydropower project OPEC Fund agreement signed

Comments

Comments are closed for this article.

Haroon Aug 04, 2022 04:34pm
I wonder how this project can be completed by 2025 as less than 20 percent financial progress is made up till now
0
Muddassir Iqbal Aug 05, 2022 08:33am
Alhmdulilah working here at Mohmand Dam ✌
0
More Stories

Browse all stories