Claims extracted
16
sentences that state something as happening or true
Uncertain
0%
0 of 16 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
72/100
Dawn's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
The World Bank on Wednesday dubbed the progress on the Khyber Pakhtunkhwa Hydropower and Renewable Energy Development project “moderately unsatisfactory”, with “substantial risk” of its $727 million loan meant for strengthening provincial institutions and increasing renewable energy generation.
asserted
Bank → dub → generation
In its public disclosure, the Washington-based lending agency rated the progress towards the achievement of project development objectives as “moderately unsatisfactory”.
asserted
agency → base → objectives
Various segments of the loan were approved in 2020 with a targeted completion date of Nov 30, 2027.
asserted
segments → approve → Nov
However, the World Bank rated the overall implementation progress as “moderately satisfactory” and described the overall risk rating as “substantial”.
asserted
Bank → rat → rating
The rating was based on “moderate” risk in the political and governance and technical design categories, but “substantial” risks emanated from macroeconomic, institutional capacity, fiduciary issues and environmental and social parameters.
asserted
risks → base → capacity
The bank said it processed restructuring of the project to align its scope and financing with implementation priorities at the request of the government.
asserted
it → say → government
The report stated: “Overall, implementation has gained momentum, with key milestones achieved under the Gabral-Kalam Hydropower Project, including commencement of civil works, progress on land acquisition and advancement of the electro-mechanical works procurement.
asserted
implementation → state → procurement
“The project will continue to focus on timely implementation, effective contract management, and compliance with applicable environmental and social requirements.”
asserted
project → continue → requirements
The original loan package, approved on Sept 24, 2020, involved a $594m million investment in hydropower development and renewable energy, $59m in environmental and social management, $55m for institutional strengthening and project implementation support, besides about $15m in financial charges on the bank loan itself.
asserted
package → approve → loan
The market-based bank loan worth $200m became effective in Sept 2020, but only $3.95m has been disbursed so far, accounting for less than two per cent.
asserted
m → base → cent
The concessional development loan of $240m became effective around the same time and its disbursements amounted to $34m to date, about 14pc of the size.
asserted
disbursements → become → size
The KP Hydropower and Renewable Energy Development project was conceived as a transformational programme to help build capacity and institutions for harvesting the vast renewable energy potential in the province.
asserted
project → conceive → province
To achieve the objectives, the project was designed to be implemented through four components: one of them being the development of public sector investments in hydropower and renewable energy projects, including the Gabral-Kalam Hydropower Plant (GKH), an 88-megawatt (MW) run-of-river hydropower project capable of generating 339 gigawatt hours (GWh) annually.
asserted
one → achieve → hours
Another component covered cascade development of river basins and financing the construction of 157MW Madyan and other hydropower facilities on the Swat and other river basins.
asserted
component → cover → basins
The total hydropower potential of the Swat River Basin was estimated to be more than 2,000MW for which several projects had been identified and new potential sites were required to be examined.
asserted
sites → estimate → which
Additionally, floating or land-based solar photovoltaic systems (a type of solar panel) on hydropower assets were envisioned.
asserted
systems → float → assets
The Aporia
