Acumen Fund to invest Rs86m in energy sector – Aga Khan Rural Support Program (AKRSP) to support the creation of four community-managed micro hydel units in Chitral

logo_akrspKARACHI: Acumen, a pioneering non-profit global venture firm addressing poverty across Africa and South Asia, has announced its first investment in the growing rural energy sector of Pakistan, a statement said.

Acumen is giving a loan of Rs86 million to Aga Khan Rural Support Program (AKRSP) to support the creation of four community-managed micro hydel units in Chitral, it said.These plants would provide 24 hours clean electricity to remote off-grid communities in Chitral district, a region with limited access to electricity.

“There is a growing need for reliable power in Pakistan’s rural communities right now,” said Farrukh Khan, country director for Pakistan, Acumen Fund.“AKRSP’s community-based model has the potential to provide millions with access to an important basic service.”

Acumen Fund and AKRSP have joined hands to address the pressing energy needs to isolated rural communities in Chitral who are currently not connected to the national grid.

via Acumen Fund to invest Rs86m in energy sector – thenews.com.pk.
http://www.brecorder.com/fuel-a-energy/193/1183230/

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