Kuwait Fund adds to Golen Gol project backing

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Officials representing Pakistan and the Kuwait Fund for Economic Development have come to terms on an additional US$15 million in financing for Pakistan’s Golen Gol hydroelectric project.

Documents signed yesterday in Islamabad will see the state-managed Kuwait Fund add to $37 million already provided by the country to Pakistan for the facility.

The Kuwait Fund’s previous investment came in 2007. The plant’s developer — Pakistan’s Water and Power Development Authority — also received aid from the Saudi Fund in 2014.

WAPDA announced it had commissioned the first-of-three 36 MW turbine units at the 108 MW plant in January, adding to the power supply in Khyber Pakhtunkhwa province.

The plant’s last unit is expected to go on line in May, at which point WAPDA said the project will help spark economic development via power sale revenues and increased opportunities for industry.

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Michael Harris formerly was Editor for HydroWorld.com.

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