ISLAMABAD: Pakistan has entered the list of five largest recipients of Private Participation in Infrastructure (PPI) investment of World Bank by receiving aid worth $3.9b.
A report released by World Bank revealed statistics for PPI half year (Jan-June) in which Indonesia was the destination for highest investment by value ($7.8b), while Pakistan ($3.9b) and Jordan ($2.2b) were new entrants joining Indonesia, Brazil and China, said a local newspaper report.
Pakistan received investments worth $1.7b and $1.9b respectively for setting-up of two hydropower plants. 1/3rd of the investment was said to have been accounted by China, Pakistan, Indonesia, Brazil and Jordan during the first half (Jan-Jun) of 2017.
Indonesia was recipient of $4.2b and $2.2b investment for coal-fired power plants from WB and Jordan got $2.1b investment for an oil shale-fired power plant. 2017’s half-year figures of PPI have equaled last year’s full investment figure considering the financial close of two hydropower projects in Pakistan, the $1.7b Karot Hydropower Plant and $1.9b Suki Kinari Hydropower plant.
The top five countries recipient of highest PPI investment were Indonesia, Brazil, Pakistan, China and Jordan said the WB report. The report stated that 70pc of the full year investment value of 2016 had already been attained in first-half of 2017 in IDA countries.
In the first half of 2017, IDA countries increased their share in global PPI investment from 4pc in 2016 to 6pc during the first half of 2017. Investments of $2.1b had been promised for 15 projects in ten countries, said the report.
Pakistan was the only blended country to have been the recipient of PPI investment during first half of 2017. Energy sector dominated the PPI investment allotment during first half of 2017, account for three quarters of global investment. Indonesia was the largest recipient of PPI investment in the energy sector, followed by Brazil, Pakistan and Jordan.
