The Kuwait Fund for Arab Economic Development has approved an 11 million dinar (US$37.5 million) loan to help finance construction of the 106-MW Golen Gol hydroelectric project in Pakistan.
The fund said March 21 its director general signed the loan agreement with Pakistani officials.
Golen Gol is proposed for the Golen Gol River, a tributary of the Mastuj River in Chitral District of Pakistan’s Northwest Frontier Province. It is to include a diversion weir, headrace canal and tunnel, vertical and pressure shaft, and surge shaft and chambers, with a design discharge of 30 cms and average annual energy production of 436 gigawatt-hours.
Pakistan’s Water and Power Development Authority last year invited expressions of interest from consultants to assist with design and tendering of the project. (HNN 7/28/06) A feasibility study was completed in collaboration with Germany’s technical assistance organization, Gesellschaft fur Technische Zusammenarbeit (GTZ).