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Article: ADB to Extend $780 Million to Pakistan for Energy Efficiency.
- Article from:
- M2 Presswire
- Article date:
- September 18, 2009
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M2 PRESSWIRE-18 September 2009-Asian Development Bank: ADB to Extend $780 Million to Pakistan for Energy Efficiency(C)1994-2009 M2 COMMUNICATIONS
RDATE:17092009
MANILA, PHILIPPINES - The Asian Development Bank (ADB) is extending $780 million to Pakistan through a multitranche financing facility for priority energy efficiency projects that will secure the country's growing energy needs and reduce its reliance on costly, polluting fossil fuels.
The $1.18 billion Energy Efficiency Investment Program underpins Pakistan's first-ever initiative to make both the pursuit of energy security and low-carbon growth a single strategic priority. The 10-year ...