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German bank finances hydro projects

A delegation of the KfW Development Bank, Germany, headed by Dr Claudia Loy, called on the Water and Power Development Authority (Wapda) Chairman at the Wapda house on Monday to discuss matters related to the financing of various hydropower projects.

The KfW Development Bank has provided 97 million euros for the construction of the 122 MW Keyal Khwar projects and has also committed to cofinance the 35 MW Harpo hydropower project, along with its French counterpart AFD by providing 20 million euros. In addition, the KfW Development Bank has also shown interest in financing the 80 MW Phandar hydropower project.

During the meeting, Wapda chairman expressed the hope that the cooperation between the KfW Development Bank and Wapda could be enhanced in the days to come.

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