SFD signs $240 mln deal to finance Pakistan hydropower dam

07/04/2023 Argaam

SFD signs $240 mln deal to finance Pakistan hydropower dam

Agreement signing ceremony

The Saudi Fund for Development (SFD) signed an agreement worth over $240 million to finance Pakistan's multi-purpose Mohmand dam project, Saudi Press Agency reported.

 

The fund said the project will boost Pakistan's energy security, increase sustainable water supply for agriculture and human consumption and improve resilience to floods, By using renewable energy sources, the project will generate 800 MW of electricity, in addition to storing 1.6 million cubic meters of water. Further, the project will support sustainable agricultural practices and enable irrigation of 6,773 hectares of new land. It will also increase the total cropping area from 1,517 to 9,227 hectares.

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