Pakistan set to import 1,200 MW electricity from India

Image
ANI Islamabad
Last Updated : Mar 20 2014 | 11:55 AM IST

Pakistan is all set to import electricity from India, as the World Bank (WB) has offered to finance the move.

The move comes as the WB has offered to finance the feasibility study and transmission line to import 1,200 megawatts (MW) of power from India.

According to the Express Tribune, Pakistan has now sent the draft of the initial power trade deal to its eastern neighbour despite opposition from various quarters.

A senior government official said that the World Bank has also offered to finance a feasibility study along with the (installation of) transmission line to import 1,200MW power from India, the report said.

The official added that a draft of Memorandum of Understanding (MoU) was handed over to Indian authorities in a recent meeting held in New Delhi.

He said India would respond to Pakistan after going through the draft of initial deal.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 20 2014 | 11:37 AM IST

Next Story