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  • Germany's KfW agrees to help finance Pakistan's 35-MW Harpo hydroelectric project

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    The German Ministry for Economic Cooperation and Development has agreed to provide US$27.3 million via the KfW Development Bank to help fund construction of Pakistan's 35-MW Harp hydropower plant.

    The project, to be located in the northern Gilgit Baltistan region, will be co-financed with the French Development Agency (AFD), which previously pledged $68.3 million for its construction.

    HydroWorld.com reported in May 2009 that Pakistan's Water and Power Development Authority (WAPDA) was seeking expressions of interest to conduct feasibility studies, which were also made possible by a German grant.

    For more news from Asia, visit here.

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