Business
World Bank to Restructure Tarbela Extension Hydropower Project
The World Bank is set to restructure the Tarbela Fourth Extension Hydropower Project (T4HP) and extend the closing date of the $390 million loan to September 30, 2027.
The loan is financing the Tarbela Fifth Extension Hydropower Project (T5HP), which aims to expand Pakistan’s electricity generation capacity.
ALSO EXPLORE
Pakistan, China Eye Increased Cooperation in Science, Technology
According to official documents, the project’s progress has been moderately satisfactory, with all major procurement completed.
However, the civil works contractor is behind schedule, which may impact the commissioning dates of the generation units.
Despite this, the project is expected to be completed by the extended loan closing date.
The World Bank has revised the results framework to incorporate indicators from its Corporate Scorecard approach and framework.
The project includes the expansion of the Tarbela hydropower facility, a 500 kV switchyard, a transmission line, and social and environmental management plans.
