France reiterates support for green & low carbon development in Pakistan

ISLAMABAD: France has reiterated its support for a green and low- carbon development in Pakistan to help it face the challenges of energy and climate change .

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,’ a statement of the French embassy stated here on the occasion of visit of a senior official of French Agency for Development (AFD).

During his 3-day visit here Pascal Pacaut discussed with the minister of climate change Zahid Hamid and officials of the finance ministry the future assistance to Pakistan.

Pascal Pacaut, Director for the Asia Region at the French AFD flew in here Tuesday also met with officials of the water and power ministry to discuss “the assistance strategy for Pakistan and issues related to the implementation of the ongoing portfolio of projects.”

AFD, a public development bank owned by the French government, finances projects in more than 90 countries in four continents and is operating in Pakistan since 2006 and has committed since then more than 370 million Euro, mainly for investments in green energy, especially hydro electricity generation. It is also funding the rehabilitation of hydro power plants in Warsak, Darga, Chitral and the construction of Jaggran II and Harpo power plants, it concluded. APP