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USAID to fund clean energy projects in Pakistan

ISLAMABAD: The U.S. Agency for International Development (USAID) and four local private commercial banks agreed to partner for clean energy projects in Pakistan. In a statement released by U.S Embassy in Pakistan, through this agreement, approximately $88 million in financing will become available to support the development of the clean energy sector in Pakistan. Partner banks will be able to extend debt financing to smaller scale clean energy projects, developers, and companies or to households and businesses purchasing…