Islamabad: Prime Minister Nawaz Sharif has announced a good news for the nation by saying that the government will reduce the price of electricity in next three to five years.
In a statement, the Prime Minister welcomed the agreement under which the Asian Development Bank will provide 900 million dollars to Pakistan to convert Jamshoro power plant on coal.
The Prime Minister termed the agreement as a major diplomatic and economic victory in view of sustained opposition of developed countries to financing of coal power projects due to environmental considerations.
He said the Jamshoro project would not only add electricity to national grid‚ but also open up window for bilateral‚ multi lateral‚ and concessional financing for Gadani Power Park and other similar projects.
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