Acumen invests Rs 86 million in Chitral micro-hydel
Acumen, a pioneering non-profit global venture firm addressing poverty across Africa and in South Asia, on Monday announced 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 Pakhtunkhwa.
These plants will provide 24-hour clean electricity to remote off-grid communities in Chitral district, a region with limited access to electricity. This is Acumen’s first investment in the growing rural energy sector of Pakistan. “There is a growing need for reliable power in Pakistan’s rural communities right now,” said Farrukh H Khan, Pakistan Country Director, Acumen Fund. “AKSRP’s community-based model has the potential to provide millions with access to an important basic service and revolutionise the way poor Pakistanis access energy.”
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