US releases new funds for Pakistanís energy projects
According to the US embassy the funds will be used for infrastructure support and due diligence work on the Kurram Tangi Dam project.
The funding is the latest example of the United Statesí long-term and enduring support for Pakistanís energy sector and for the people of Pakistan, the statement by the embassy said.
The funding would help relieve Pakistanís energy crisis, which was a top priority for the US governmentís civilian assistance program. The U.S. approach consists of high-impact projects aimed at increasing Pakistanís energy resources and helping power sector institutions more effectively meet the countryís energy needs.
The United States funds large-scale infrastructure efforts that, by 2013, are expected to add 900 megawatts to the national power grid, enough energy to power two million households and businesses.
The US institutional support ranges from improving the governance of the power sector to strengthening the performance of Pakistanís power distribution companies.
The support would also help develop new policies to rationalize pricing, reduce subsidies, increase revenues, and improve the distribution of energy resources.
The US was also working with private sector entities and civil society organizations to enhance their role in decision-making and advocacy.
Ongoing projects supported by the United States include the Gomal Zam Dam, which will generate 17.4 megawatts of hydroelectric power - enough to supply electricity to 30,000 households - and irrigate almost 200,000 acres of land worked by 30,000 farmers.
It would also support the Satpara Dam, which will provide 17.7 megawatts of power to the local grid - enough to supply electricity to 30,000 households - and mitigate flooding, provide water for irrigation, and serve as a significant source of drinking water.