By Khalid Mustafa in The News, May 23 ISLAMABAD: China’s EXIM bank has approved the much-awaited loan of $448 million for the strategic 969 megawatt Neelum-Jhelum hydropower project following which the construction work on the project is likely to get accelerated, officials said. They said it would provide solace to the Neelum-Jhelum hydropower project company as the project that was earlier feared to get delayed on account of cash flow constraints. Current slowdown in the…
Posts published in “Day: May 23, 2012”
ISLAMABAD – Chinese EXIM Bank, after a long delay, has now approved $450 million loan to finance 969MW Neelum Jhelum hydropower project, which would add about 5.15 billion units of cheap electricity to the national grid every year by 2016. Well-placed official sources informed TheNation that Chinese EXIM Bank after a long delay has now approved $450 million loan to finance the Neelum Jhelum hydropower project located near Muzaffarabad adding that the Economic Affair Division…