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World Bank rates progress on KP hydropower, renewable energy project 'moderately unsatisfactory'

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“World Bank rates progress on KP hydropower, renewable energy project 'moderately unsatisfactory”

ISLAMABAD: The World Bank on Wednesday dubbed the progress on the Khyber Pakhtunkhwa Hydropower and Renewable Energy Development project “moderately unsatisfactory”, with “substantial risk” to its $727 million loan meant for strengthening provincial institutions and increasing renewable energy generation. In its public disclosure , the Washington-based lending agency rated the progress towards the achievement of project development objectives as “moderately unsatisfactory”. Various segments of…

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