Overview

Qasim Power Generation Company provides PKR 10 million in interest-free loans to Pakistan Electricity Regulatory Authority social responsibility fund

Commitments (Constant USD, 2023)$46,240

Commitment Year•2022Country of Activity•PakistanDirect Recipient Country of Incorporation•PakistanSector•Other Social Infrastructure And ServicesFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 31, 2022

Start (actual): Mar 31, 2022

End (actual): Dec 16, 2022

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned companies

Sinohydro Corporation Limited

Receiving agencies

NGO/CSO/Foundations

Akhuwat

Implementing agencies

Government Agencies

National Electric Power Regulatory Authority

Loan description

Qasim Power Generation Company provides PKR 10 million in interest-free loans to Pakistan Electricity Regulatory Authority social responsibility fund

Interest rate (t₀)•0%Interest type•Unknown

Narrative

Full Description

Project narrative

On March 31, 2022, Qasim Power Generation Company, a subsidiary of PowerChina, signed a memorandum of understanding with Akhuwat to provide interest-free loans to needy Pakistanis as part of the Pakistan National Electricity Regulatory Authority's (NEPRA) Power with Prosperity drive. In 2022, Qasim Power Generation Company contributed PKR 10 million to the program, which is intended to alleviate poverty and promote the adoption of solar energy in the country. On December 16, 2022, Qasim Power Generation Company was honoured at NEPRA's Corporate Social Responsibility Awards for their contribution to the Power with Prosperity drive.

Staff comments

1. Qasim Power Generation Company is also known as Qasim Electric Power Company.