{"id":63528,"date":"2020-04-02T12:14:38","date_gmt":"2020-04-02T07:14:38","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=63528"},"modified":"2020-04-02T12:14:39","modified_gmt":"2020-04-02T07:14:39","slug":"wb-allocates-additional-usd-700mn-dasu-hydropower-project","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/wb-allocates-additional-usd-700mn-dasu-hydropower-project.html","title":{"rendered":"WB allocates additional USD 700mn for Dasu Hydropower Project"},"content":{"rendered":"\n<p>Islamabad: The World Bank (WB) has allocated USD 700 million in additional\nfinancial assistance for the expansion of the Dasu Hydropower Project, a news\nsource reported. <\/p>\n\n\n\n<p>As per the publication, these funds will be channelled into the installation of a 2,160-megawatt hydropower system on the Indus River. The World Bank Board of Directors has sanctioned this package to enable Pakistan to supply renewable, low-cost energy to local consumers.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/kp-seek-help-volunteers-fight-against-corornavirus.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"KP to seek help of volunteers in fight against corornavirus (opens in a new tab)\">KP to seek help of volunteers in fight against corornavirus<\/a><\/p>\n\n\n\n<p>Narrowly, this WB financing arrangement will see to the completion of\nStage I of the Dasu project. <\/p>\n\n\n\n<p>Stage II, as per the project blueprint, involves a doubling of the capacity of the hydropower project to 4,320 megawatts; making it the largest undertaking of its kind in the country. The electricity produced by the Dasu Project is expected to cost USD 0.03 per kilowatt hour (kWh), while the current electricity costs in Pakistan amount to USD 0.08 kWh. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/kp-procure-masks-ventilators-contain-coronavirus-pandemic.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"KP to procure masks and ventilators to contain coronavirus pandemic (opens in a new tab)\">KP to procure masks and ventilators to contain coronavirus pandemic<\/a><\/p>\n\n\n\n<p>WB Country Director for Pakistan Illango Patchamuthu has said that the Dasu Hydropower Project would minimise the country\u2019s fossil fuels import volume and relieve its economic balance stress; in addition to lessening aggregate energy costs. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/japan-fund-electrification-education-projects-punjab-kp.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Japan to fund electrification and education projects in Punjab &amp; KP (opens in a new tab)\">Japan to fund electrification and education projects in Punjab &amp; KP<\/a><\/p>\n\n\n\n<p>Further, Project Task Team Leader Rikard Liden has stated that the <a href=\"https:\/\/www.zameen.com\/news\/dasu-power-project-to-become-operational-2024.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Dasu Project (opens in a new tab)\">Dasu Project<\/a> is \u2018one of the best hydropower projects\u2019 in the world because of its low environmental footprint. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The World Bank (WB) has allocated USD 700 million in additional financial assistance for the expansion of the Dasu Hydropower Project, a news source reported. As per the publication, these funds will be channelled into the installation of a 2,160-megawatt hydropower system on the Indus River. The World Bank Board of Directors has sanctioned this package to enable Pakistan to supply renewable, low-cost energy to local consumers. Read: KP to seek help of volunteers in fight against corornavirus Narrowly, this WB financing arrangement will see to the completion of Stage I of the Dasu project. Stage II, as per the project blueprint, involves a doubling of the capacity of the hydropower project to 4,320 megawatts; making it the largest undertaking of its kind in the country. The electricity produced by the Dasu Project is expected to cost USD 0.03 per kilowatt hour (kWh), while the current electricity costs in Pakistan amount to USD 0.08 kWh. Read: KP to procure masks and ventilators to contain coronavirus pandemic WB Country Director for Pakistan Illango Patchamuthu has said that the Dasu Hydropower Project would minimise the country\u2019s fossil fuels import volume and relieve its economic balance stress; in addition to lessening aggregate&hellip;<\/p>\n","protected":false},"author":76,"featured_media":61439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012,15013,20385],"tags":[24905,20299,24906],"persona":[],"class_list":{"0":"post-63528","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"category-construction","9":"category-development-projects","10":"tag-2160-megawatt-hydropower","11":"tag-dasu-hydropower-project","12":"tag-world-bank-wb-has-allocated-usd-700-million","13":"cat-15012-id","14":"cat-15013-id","15":"cat-20385-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WB allocates USD 700mn for Dasu Hydropower Project - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The World Bank (WB) has allocated USD 700 million in additional financial assistance for the expansion of the Dasu Hydropower Project\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/wb-allocates-additional-usd-700mn-dasu-hydropower-project.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WB allocates USD 700mn for Dasu Hydropower Project - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The World Bank (WB) has allocated USD 700 million in additional financial assistance for the expansion of the Dasu Hydropower Project\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/wb-allocates-additional-usd-700mn-dasu-hydropower-project.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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