July 14, 2021
LAHORE: The National Transmission and Despatch Company Ltd (NTDC) has secured Rs6.4 billion Financing Facility to evacuate 1,224 MW clean renewable energy generated by wind power plants located at Jhimpir Wind Corridor, a statement said on Tuesday.
The financing facility has been availed from a consortium of banks comprising Habib Bank Limited, National Bank of Pakistan, and BankIslami Pakistan Limited. The financing facility will be utilised for the construction of 220/132 kV substation and 35 km long allied transmission lines for the evacuation of clean energy. Engr Muhammad Ayub, Managing Director NTDC, signed the contract of financing facility with Asad Altaf, GM Corporate Banking Head (Central) HBL, Zia-ud-Din Tahir, Unit Head NBP (Corporate), and Amir Ashraf, Head Corporate (Central) BankIslami during a ceremony held here at WAPDA House.
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Private sector IndusInd Bank on Saturday said it will reduce carbon emissions to 50 per cent in next four years and raise climate financing to 3.5 per cent in two years. The bank will be increasing the allocation of capital towards climate finance to 3.5 per cent of its loan book over the next two years, which is currently at 2.7 per cent, IndusInd Bank said on the occasion of the World Environment Day. The bank has also committed to reducing its specific carbon emission by 50 per cent over the next four years, it said in a release. The bank promoted by the Hinduja group also said it has made it to the Carbon Disclosure Project (CDP) list for the sixth consecutive time, making it the only Indian bank to get featured in this prestigious list.