French development agency’s director assures support to a ‘low-Carbon Pakistan’

Zubair Qureshi

Islamabad—Mr. Pascal Pacaut, Director for the Asia Region at the French Agency for Development (AFD) called on Minister for Climate Change Zahid Hamid and discussed issues relating with AFD projects in Pakistan and reviewed Pakistan’s commitment and follow up on the Paris climate summit held last year in December.
Pascal Pacaut who is on a three-day mission also had the opportunity to meet representatives of the Ministry of Planning, the Ministry of Finance, the Ministry of Water and Power and the Economic Affairs Division.
He mainly discussed future AFD assistance strategy for Pakistan and issues related to the implementation of the ongoing portfolio of projects. He also met with funding partners to explore new opportunities of joint financing in Pakistan.
The French Agency for Development, a public development bank owned by the French government, finances projects in more than 90 countries on four continents. AFD started operating in Pakistan in 2006 and has since committed more than 370M€, mainly for investments in green energy, especially hydro electricity generation. AFD is, among others, funding the rehabilitation of hydro power plants in Warsak, Dargaï, Chitral and the construction of Jaggran II and Harpo power plants.
Two months after the Paris Climate Conference 2015 (COP21), France continues to stress its support for a green and low-carbon development in Pakistan and extends its help to address both the challenges posed by energy supply and climate change.

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