IDB approves $220 million for coal powered plant in Jamshoro

The approval was given at a meeting of board of executive directors of the bank in Jeddah. PHOTO: FILE

ISLAMABAD: The Islamic Development Bank (IDB) on Monday approved $220 million dollars for the Jamshoro coal power plant. Radio Pakistan reported.

The approval was given at a meeting of board of executive directors of the bank in Jeddah.

The Asian Development Bank has already approved $900 million for the project.

The project on completion is expected to generate 600 megawatts of electricity.

Meanwhile, the World Bank has agreed to provide $520 million for power supply to Pakistan and Afghanistan from Central Asia.

The IDB and USAID have pledged to bear the remaining expanses of the project.

Under the project, 1,000 MW of electricity will be supplied to Pakistan and 300 MW to Afghanistan. 1,270 kilometers long transmission line will be laid for this purpose.

The entire project is expected to cost over $1 billion.