Energy (Govt negotiating with financial institutions for Dasu project funding)

Islamabad: The government is negotiating with different local and international financial institutions to secure funding for Dasu Hydropower project.

According to officials, 1.44 billion rupees will be taken from local banks while another eight hundred million dollars from any international bank for execution of the project.

About 4,500 megawatt of electricity will be generated from this run of the river power project. In the first stage, the project will add 2160 MW to the national grid.

The officials said contracts have already been awarded for relocation of Karakorum Highway, construction of right bank access road, and 132 kilowatt transmission line from Dubair to Dasu.