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April 2, 2014

France to provide funding for two hydro power projects in Pakistan

The Government of France has agreed to provide PKR8.5bn ($86.61m) funding for establishing two hydro power projects totaling 775MW in Pakistan.

The Government of France has agreed to provide PKR8.5bn ($86.61m) funding for establishing two hydro power projects totaling 775MW in Pakistan.

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Both the nations have signed the credit facility agreements (CFAs) for the projects that include Mohmand/Munda hydro power project and Harpo hydro power project.

Agence Française de Développement (AFD) is set to provide funding for the Phase-I of the 740MW Mohmand/Munda project to be built at Mohmand Agency in Khyber Pakhtunkhwa.

The funding will enable the Pakistan Government to complete a detailed engineering design, preparatory work and financial closure for the development of the project.

"The 35MW Harpo project will receive funding from the German Government and Kfw."

To be located at Gilgit-Baltistan in Skardu region, the 35MW Harpo project will receive funding from the German Government and Kfw.

Once completed, the Harpo hydro power project will enable the Pakistan government to meet the future electricity demand of the region.

The project will also help the government develop a local distribution and transmission network to enhance electricity supply in the region.

In Pakistan, the other projects that are currently under development include the 22MW Jabban hydro power project near Dargai in Khyber Pakhtunkhwa; and the 48MW Jaggran-II hydro power project on Jaggran River, Neelum Valley in Azad Jammu and Kashmir.

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IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
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  • Consumer context
  • Industry environment
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by GlobalData
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