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