World Bank Boosts Dasu Hydropower Project with Additional $1 Billion Loan

The World Bank has approved an additional $1 billion loan for Pakistan's Dasu Hydropower Project. This development aims to expand electricity supply and improve socio-economic services. The project, situated in Khyber Pakhtunkhwa, has faced significant challenges, including terrorist attacks targeting Chinese nationals involved in its construction.


PTI | Islamabad | Updated: 11-06-2024 14:13 IST | Created: 11-06-2024 14:13 IST
World Bank Boosts Dasu Hydropower Project with Additional $1 Billion Loan
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The World Bank has sanctioned an additional $1 billion loan to bolster Pakistan's Dasu Hydropower Project, located in Khyber Pakhtunkhwa.

This marks the third major financial endorsement from the global lender, following previous investments of $588.4 million for preparatory work and $700 million for transmission lines.

Despite facing deadly terrorist attacks on Chinese workers, the project continues forward, touted as a game-changer for Pakistan's energy sector.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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