Asian Development Bank approves $900 million financing for Jamshoro Power Project

Islamabad, December 09, 2013 (PPI-OT): The Asian Development Bank (ADB) has congratulated the Finance Minister Senator Mohammad Ishaq Dar on the approval of financing of $ 900 million loan for 1320 MW Jamshoro power project for its conversation to Coal. The proposal was approved by the Board of ADB with 75% votes in favour.

The Finance Minister thanked ADB and all the countries which supported Pakistan’s proposal for financing Jamshoro Power Project.

The Finance Minister termed the approval as a breakthrough and a giant leap forward, which would pave the way for constructing Coal Fueled Power Plant Projects being planned by Prime Minister Mohammad Nawaz Sharif’s Government. The Government he said plans to construct coal power plants at Gadani with a total capacity of 6600 MW as part of its policy of producing electricity on cheaper fuels like coal.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

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