Article Author: Acumen fund announces first energy investment in Pakistan
Media Source: Daily Times
Date: 7 October 2013
Acumen, a pioneering non-profit global venture firm addressing poverty across Africa and in South Asia, announced its first investment in the growing rural energy sector of Pakistan. Acumen is giving a loan of Rs. 86 Million to Aga Khan Rural Support Program (AKRSP) to support the creation of four community managed micro-hydel
Acumen, a pioneering non-profit global venture firm addressing poverty across Africa and in South Asia, announced its first investment in the growing rural energy sector of Pakistan. Acumen is giving a loan of Rs. 86 Million to Aga Khan Rural Support Program (AKRSP) to support the creation of four community managed micro-hydel units in Chitral district of Khyber Pakhtunkhawa province in Pakistan. These plants will provide 24-hour clean electricity to remote off-grid communities in Chitral district, a region with limited access to electricity.