OPEC Fund Annual Report 2022

02 | OPERATIONS – DELIVERY BY SECTORS

300 MN Gallons of drinking water per day supplied to Peshawar

2.8 GWh Power generated by the dam per year 18,000 acres Local land irrigated

The Mohmand multipurpose dam project aligns with the national priorities of the Pakistan Vision 2025 development strategy. The total project cost is US$2.2 billion, co-financed with the Islamic Development Bank, the Kuwait Fund for Arab Economic Development and the Saudi Fund for Development, while the government of Pakistan is contributing close to US$1 billion.

The Mohmand multipurpose dam is a good illustration of climate action, especially given last summer’s devastating floods across the country. The project has various objectives, some of which are linked to the climate challenge; it will generate clean energy, pro- vide a sustainable supply of water for irrigation and hu- man consumption, while also improving flood resilience. Construction is set to be completed by December 2026, by which time the dam will be able to relieve flood pressures by around 40 percent.

The surrounding Khyber Pakhtunkhwa region is Pakistan’s third largest in terms of population, with over 35 million people living mostly in rural areas but contributing only 10 percent to national GDP. Beyond the climate and energy benefits, the construction of irrigation canals will strengthen the agricultural potential of the region and create new business opportunities to improve livelihoods — rounding off a truly multipurpose project.

DRISS BELAMINE Country Manager, Asia & the Pacific, Public Sector Operations, OPEC Fund

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