ISLAMABAD: The World Bank (WB) will provide more than $3 billion to Pakistan for infrastructure development in the energy sector, the Power Division said on Monday.
According to a press release from the Division, the World Bank will also assist in the Dasu hydropower project. “The World Bank is assisting in energy efficiency and conservation programs, apart from helping provinces install solar projects,” it said.
The development followed a meeting between the World Bank delegation and Federal Minister for Energy Khurram Dastgir Khan. The minister informed the delegation that the government had taken “tough and difficult decisions” in the power sector, referring to the increase in electricity prices.
Government Takes Difficult Decisions to Ensure Sustainability
He informed the delegation that although it was politically tricky, the government took it as it was committed to ensuring sustainability in the energy sector.
The minister also appreciated that the international lending body recognized the challenges faced by Pakistan. He said that climate change had severe impacts on the economy and energy sectors in the country. The delegation was also briefed on the CASA-1000 and Dasu power projects.
