The Asian Development Bank (ADB) approved a $300 million loan facility for Pakistan to finance the construction of a 300-megawatt hydropower plant. This plant will be built on the Kunhar River near Balakot City, in Khyber Pakhtunkhwa and it will be commissioned by 2027.
The interest on the loan is LIBOR (London Interbank Offered Rate) plus 0.3%. This project will generate 1,143 gigawatt-hours of clean energy annually.
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