Dar, Brigitta discuss proposed Tarbela-5 project
They also discussed matters of mutual interest.
The Austrian Ambassador to Pakistan, Ms Brigitta Blaha called on Finance Minister, Ishaq Dar in Islamabad on Monday.
Minister for Water and Power, Khawaja Mohammad Asif was also present on the occasion.
Matters pertaining to proposed Tarbela-5 project came under discussion for which Austrian Government has expressed willingness to provide a funding of 400 million dollars.
The Minister was apprised that the proposed project had the potential to generate 1400 MW of electricity on completion and an overall 800 million dollars investment was required to meet cost of its construction which also included 120 million dollars to be incurred on a transmission line.
The Minister was told that there were also indication of providing finances from China and savings from the Tarbela-4 project could also be utilized for the Tarbela-5.
Lauding the Austrian Government's initiative regarding the Tarbela-5 Finance Minister, Ishaq Dar said while the Ministry of Water and Power could focus on completing the PC-1 on priority, Economic Affairs Division could attend to financial matters thus an early implementation of the project could be made possible.