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- Neelum Jhelum Hydropower Plant Project (Supplementary Loan)
Neelum Jhelum Hydropower Plant Project (Supplementary Loan)
Pakistan
| Borrower | Pakistan |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Energy |
| Approved | 12.12.2012 |
| Signed | 11.10.2013 |
| Status | Completed |
| Loan Administrator | ISDB |
| Executing Agency | Water and Power Development Authority (WAPDA) |
| Co-financiers | ISDB, SFD, China Exim, Government |
| OPEC Fund Contribution (US$m) | 50.00 |
| Total Project Cost (US$m) | 1,156.53 |
To support construction of a 969 MW power plant in the Muzaffarabd district, populated by around 1.5 million people. This will help improve the efficiency of social services, such as schools, healthcare facilities, water supply facilities and so, as well as encourage the development of local industries. The new plant is expected to boost socio-economic development for both the local population and the rest of the country. It will help reduce the cost of energy for newly connected households and farms, which are now using more expensive alternatives.