The OPEC Fund for International Development (OFID) has approved a $50M loan for completion of the Neelum-Jhelum hydroelectric project in Pakistan.
Pakistan Finance Minister Ishaq Dar and the Director General of OFID signed the loan agreement earlier this month, newswires reported.
The project involves construction of a concrete gravity diversion dam, headrace tunnel, surge chamber and underground powerhouse with four generating units. TBM’s are being put to use on the build.
The 969MW project is due for completion in 2016.
