STAFF REPORT KHI: Agence Française de Développement, the French finance institution for development, will provide $16 million loan to the Aga Khan Hospital and Medical College Foundation to support its expansion of infrastructure facilities on the Stadium Road Campus in Karachi.

According to an MoU signed between the two sides, this investment will refinance and fund infrastructure projects. Infrastructure financing include the induction of a third 1.75MW gas generator to reduce dependency on erratic city power and a 16MW grid station that will become the primary source of electricity for the University and its teaching hospital.

There are also plans to recover waste heat from the gas generators and to increase the efficiency of the existing plant from 37 percent to more than 75 percent. The University Hospital has installed an incinerator that minimizes exposure to waste while meeting European Union clean air emission standards; by-product heat from the incinerator is used to generate almost 50 per cent of the hot water requirements for the campus.

By Web Team

Technology Times Web team handles all matters relevant to website posting and management.