Fri. Jun 14th, 2024
World Bank grants $1 billion loan for Pakistan’s pivotal hydropower project

The construction of Pakistan’s largest hydropower project, worth $1 billion, has been approved by the World Bank. This project is a collaboration with China and is expected to address the challenges faced by Pakistan’s energy sector. The loan from the World Bank will be used to expand hydropower electricity supply, contributing to a greener energy sector and reducing the cost of electricity in the country.

Najy Benhassine, the World Bank director for Pakistan, highlighted the importance of this project in transforming Pakistan’s energy sector. Once completed, the Dasu hydropower project in Khyber Pakhtunkhwa province will have an installed capacity of 4,320 to 5,400 megawatts. This project is considered a game changer for Pakistan’s energy landscape.

The construction of the Dasu dam and other projects related to the China-Pakistan Economic Corridor have also seen Chinese workers involved. However, some Chinese workers have been targeted by militants in recent years, accusing them of exploiting Pakistan’s mineral resources. Despite these challenges, the collaboration between Pakistan and China on this project represents a significant step towards addressing Pakistan’s energy needs and moving towards a more sustainable energy future.

By Aiden Nguyen

As a content writer at newscholarly.com, I delve into the realms of storytelling with the power of words. With a knack for research and a passion for crafting compelling narratives, I strive to bring forth engaging and informative articles for our readers. From decoding complex concepts to unraveling current events, I aim to captivate and educate through the art of writing. Join me on this journey as we explore the ever-evolving landscape of news and knowledge together.

Leave a Reply