ADB offers $121 million for 100 MW solar project in Pakistan

The Asian Development Bank (ADB) says a new 100 MW solar project in Pakistan will be the country's first private sector utility-scale PV facility to secure ADB support. The ADB will provide a $121 million loan to Bangladeshi textile producer Paramount Textile PLC to set up a 100 MW solar power plant. Paramount Textile's unit Dynamic Sun Energy Private Ltd. will build and operate the facility, which will be built in Pabna district, in central Bangladesh. The project will be the country's first private sector utility-scale solar facility to secure financial support from the ADB. The Manila-based ...

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