France, EU provide over €300m to Pakistan for green energy


—Radio Pakistan

MANGLA: France and European Union have provided more than three hundred million euros to Pakistan to promote green energy in the country.

This was stated by Ambassador of France Martine Dorance during a visit to the construction site of the national Hydropower Training Institute at Mangla today.

He said France is committed to support the government’s strategy to solve the energy crisis and to fight climate change through investments in low-carbon-emission energy generation.

France has also provided a 68 million euros soft loan for the construction of the 48MW hydropower plant being built in the upper extent of Jaggran Nullah, a right bank tributary of the Neelum River.

It is located downstream of the existing 30.4 MW Jaggran I hydropower project, funded earlier with French support.

Jaggran II Hydroelectric Power Project upon its completion in 2020 will provide a reliable source of renewable energy and a permanent supply of electricity for the 1.2 million people living in the Muzaffarabad area.—Radio Pakistan