Washington, June 19 (TNS): The World Bank is committing over half a billion dollars through two projects to support renewable energy in Pakistan’s Sindh province and expand economic activity between Pakistan and Afghanistan through the development of an economic corridor along the Khyber Pass.
The $100 million Sindh project will support independent power producers to develop 400 MW of new solar power capacity starting with an initial 50 MW pilot project and provide partial grants to private sector firms for the commercial provision of Solar Home Systems to 200,000 households.
The project will also help gain knowledge and experience in developing PV schemes on/around public buildings.
The $460.6 million Khyber Pass Economic Corridor Project will benefit consumers, producers, and traders in Pakistan, Afghanistan, and Central Asia by supporting private sector investment and reducing transport time and cost.
