Pakistan and Kuwait Fund signed a loan agreement amounting to $37 million for the Golan Gol hydropower project here on Wednesday. Secretary of Economic Affairs Division, M. Akram Malik signed the agreement on behalf of Pakistan government whereas Director General of the Kuwait Fund Abdul Wahab Albader signed the agreement from the Kuwait Fund.
The Golan Gol is a 106-megawatt Hydropower project, located on the Golan Gol River, about 25 kilometres from Chitral city. The total cost of the project is estimated 117 million dollars.
The project is being co-financed by the Kuwait Fund, Saudi Fund and the OPEC Fund. The loan agreement with the other financiers of the project is expected to be signed by July.
Comments
Comments are closed.