The package includes a $588.4m credit from the bank’s international development association (IDA) and an IDA partial credit guarantee of $460m.
DHP-I is a run-of-river project situated on the Indus River about 240km upstream from the Tarbela dam near Dasu town in Kohistan district.
The project will feature a 2,160MW hydropower plant on the main Indus River, which can be expanded to 4,320MW of capacity in future.
The bank said the project will help build the Water and Power Development Authority’s capacity to harness the country’s hydropower resources in a sustainable manner.
World Bank country director for Pakistan Rachid Benmessaoud said Dasu hydropower project helps Pakistan to reduce its carbon footprint and make electric power generation more sustainable.
"The program is an important part of the transformational energy initiative of Pakistan, in which the support from across the World Bank Group is focused on helping Pakistan’s energy sector out of its crisis and onto a more sustainable path that supports economic growth," Benmessaoud said.
Image: The project will feature 2,160MW hydropower plant, which can be expanded to 4,320MW of capacity in future. Photo: Courtesy of markuso/FreeDigitalPhotos.net.
