ISLAMABAD: New developments reported over the Dasu Hydropower Project fromthe World Bank.
The World Bank will extend $ 700 million additional financing fortransmission line for Dasu Hydropower Project, ARY News reported on Monday.
The World Bank Country Director, Patchamuthu Illangovan has conveyed thedecision in a letter to the Secretary Ministry of Water Resources, sourcessaid.Ad
“ The World Bank plans to appraise the projectlink from December 12,2019 and to negotiate the matter in the last week of January 2020.”
The project’s PC-1 has already been approved.
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The World Bank appreciated the stakeholderslink for extendingsupport to get approval for the revised land rates and compensation for theDasu land acquisition, which was approved by the federal cabinet on October29, 2019.
Dasu Hydropower Project is run of the river project with total installedcapacity of 4,320MW, comprising two phases of 2160 MW each.
The project is being constructed on the Indus River, 74 kilometresdownstream of Bhasha Dam site in district Kohistan in KP.
