World Bank approves $1 billion loan for Pakistan's Dasu hydropower project with China's assistance

2024-06-11 11:50

World Bank

international financial institution

Pakistan

sovereign state in South Asia

international affairs

The World Bank has granted a $1 billion loan for Pakistan's largest Dasu hydropower project.
The project is located in the country's northwest and is being constructed with the assistance of China.
This financial support aims to boost Pakistan's energy sector and infrastructure development.

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World Bank

international financial institution

Pakistan

sovereign state in South Asia

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The World Bank has approved $1 billion for Pakistan's Dasu hydropower project, being built with China's assistance in the country's northwest. The loan aims to enhance hydropower supply, improve community access, and address energy sector challenges. The project is expected to green the energy sector, reduce electricity costs, and have a capacity of 4,320 to 5,400 megawatts upon completion in Khyber Pakhtunkhwa province.