IsDB Approves USD 180 Million Loan for Pakistan’s Mohmand Dam and Hydropower Project

The Islamic Development Bank (IsDB) approved a loan of USD 180 million for the Mohmand Dam and Hydropower Project in Khyber Pakhtunkhwa, Pakistan. China Gezhouba Group Corporation (CGGC) is the project's lead partner in the joint venture.

Why it Matters?

The project, which is slated to create 800 MW of power, is estimated to generate 2,862 GW of energy yearly and will bring 16,737 acres of land under cultivation. According to IsDB the project enhances energy generation and provide sustainable water resources for agriculture and human consumption, while improving the region's resilience to floods. In Pakistan, the IsDB supports a wide range of socioeconomic development activities.

Details