PM lays foundation stone of Dasu power project
World Bank will finance Stage-I of the project with 1048.4 million dollars.
Prime Minister Muhammad Nawaz Sharif performed the ground-breaking ceremony of the 4,320 megawatt Dasu Hydro-Power Project at Dasu in Kohistan district on Wednesday.
Speaking on the occasion, the Prime Minister said the ground-breaking of Dasu Project is a reflection of his government’s resolve to achieve energy security for fast-paced development of the country.
He said the government will spend approximately Rs500 billion on Dasu Hydro Power Project which will not only generate power but also provide employment to locals of Kohistan and surrounding districts of Khyber-Pakhtunkhwa.
The Prime Minister further said that World Bank’s assistance for this project is a manifestation of sound economic policies of the government.
He termed the Dasu project a big initiative in terms of its power generation capacity and the government has taken a number of steps to provide sufficient energy to power starved economy.
Earlier, the Prime Minister was briefed that the World Bank Board of Directors has approved the financing of Stage-I of Dasu Hydropower Project with 1048.4 million dollars.