Tag: 700m

China may extend $700m for Pakistans 14 new small dams

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article image STAFF REPORT IBD: The government is negotiating with China to borrow $700 million loan at a concessional rate of 2 per cent for construction of 14 small dams to increase hydel power generation for reducing the loadshedding."An agreement has also been signed with the World Bank worth $850 million for extension of Tarbela Dam and the government is making efforts to form a consortium with the help of Asian Development Bank and WB to arrange $10 billion for financing of Diamar Basha Dam,"…Read More