World Bank Country Director Rachid Benmessaoud on Monday said that WB is expected to approve assistance worth around $700 million for Dasu Hydel Power Project that would generate 4600MW electricity. He said this while talking to Finance Minister Senator Mohammad Ishaq Dar at the Finance Ministry. Both the sides also discussed issues related to World Bank assistance to Pakistan. Pakistan aims to construct 4600MW run-off-river hydropower project on main Indus River in district Kohistan, Khyber Pakhtunkhawa. The existing cost of proposed Dasu Hydel Power Project is Rs 735 billion wherein Pakistan is looking for $700 million loan from World Bank. The actual cost of the project was Rs 685 billion, which has upward revised to Rs 735 billion due to the currency exchange rate fluctuation.
Posted on: Tue, 18 Mar 2014 13:53:30 +0000
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