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World Bank to limit financing coal- fired power plants in the future

The World Bank has announced it will help countries to seek alternatives to coal power and will stop funding for new coal power generation projects. Jim Yong Kim, the President of the World Bank has always stressed the need to mitigate the impacts of climate change, making it a main concern for the Bank itself and for its five main organizations which are offering loans and grants to poor and emergent countries worldwide.

read more... 23/07/2013

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Pakistan hydro project to receive $850m from the World Bank

The Tarbela 4th Extension hydropower project in Pakistan will receive 850 million dollars from the World Bank. By completing the project, the generation capacity of Tarbela Power Station will achieve 4,888 MW. It is expected to be completed in four years and will generate 1,410 MW of electricity.

read more... 11/04/2012

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World Bank sees progress in China’s green sector.

The World Bank acknowledged the incredible progress China has made over the last three decades and is on track to meet the target of generating 15% of its energy from non-fossil fuels by 2020.

read more... 25/11/2010

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