ISLAMABAD – The Finance Minister of Pakistan has appreciated the recent approval of five energy projects by the World Bank. As the largest ever portfolio approved by the World Bank in one month, the energy projects are likely to add over 10,000 MW to the national energy grid, he said.
These projects include Gul Ahmad wind power limited, Tenaga Generasi limited (wind power), Gulpur hydro project, Sindh Public Sector Reform project and acceleration of Tarbela IV extension project.
Senator Ishaq Dar said the approval was the manifestation of confidence of international organisations in the continued improvement in the Pakistan’s economy owing to prudent fiscal policies of the government led by Prime Minister Nawaz Sharif.
The World Bank’s board of executive directors has approved five energy sector projects. He said the Bank’s approval is in line with the government’s 4Es – education, economy, energy and elimination of terrorism – policy.
