France gives 0.5 MILLION EUROS to PPIB

France gave worth Euros 0.5 million to finance technical assistance for capacity building of the Private Power and Infrastructure Board (PPIB) project under Ministry of Energy.

France gives 0.5 MILLION EUROS to PPIBDr. Syed Pervaiz Abbas, Secretary of Economic Affairs Division (EAD), H.E. Dr Marc Barety, Ambassador of France, and Mr. Philippe Steinmetz, Country Director of the French Agency for Development (AFD), signed the Grant Financing Agreement.

This technical assistance will support PPIB in its mandate of hydroelectricity sector development in Pakistan while enhancing competitiveness of renewable power generation. Such benefits will contribute to improving affordability and scaling up supply of energy while mitigating the impacts of power generation on climate and environment, in line with the policies of the Government of Pakistan.

interesting reading:  Selena Gomez Launches Fund To Raise $100 million For Mental Health Services
interesting reading:  3M Euros Grants To Pakistan For Skill Development Of Returnee migrant Workers

This technical assistance will focus mainly on the developing a mechanism for tariff based bidding of hydroelectric power projects including preparation of standard prequalification documents and requests for proposals.

Assisting PPIB in matters related to the development of hydroelectric projects in the country including feasibility studies review .

Capacity building of PPIB staff, provision of technical, financial, legal and management trainings.

interesting reading:  Breathtaking Image of A 67 Million Light-Years Distant Spiral Galaxy

The project will contribute to the Government of Pakistan’s strategy to develop green energy, reduce greenhouse gasses emissions, in line with the French Government’s agenda of promoting climate friendly projects.

France, through the French Agency for Development, is providing technical and financial support PPIB and urban development sector in Pakistan, where Euros 700 million has been committed since 2016.

Leave a Reply

Your email address will not be published. Required fields are marked *

Captcha loading...