The OPEC Fund for International Development is providing a US$ 72 million loan in support of the 800MW Mohmand Multipurpose Dam Project in Pakistan.
The major hydropower complex is expected to contribute to the country’s energy security, increase sustainable water supply for agriculture and human consumption and improve resilience to floods.
The project is expected to cost US$2.2 billion and will be co-financed with the Islamic Development Bank, the Kuwait Fund for Arab Economic Development and the Saudi Fund for Development, while the government of Pakistan is contributing close to a US$ 1 billion through its own resources and proceeds from a Green Eurobond issued last year.
Upon completion the plant will generate nearly 2.8GWh electricity per year. The reservoir will have a storage capacity of 1,594 million cubic metres and provide potable water to Peshawar city, the region’s capital.