{"id":96272,"date":"2024-02-02T11:55:30","date_gmt":"2024-02-02T06:55:30","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=96272"},"modified":"2024-02-06T12:55:35","modified_gmt":"2024-02-06T07:55:35","slug":"dasu-hydropower-plant-gop-looks-for-extension","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/dasu-hydropower-plant-gop-looks-for-extension.html","title":{"rendered":"Dasu Hydropower Plant: Pak seeks extension in WB&#8217;s loan deadline"},"content":{"rendered":"\n<p>Islamabad: The Pakistan Government has reached out to the World Bank, seeking a 13-month extension for the closing date of a loan to facilitate the completion of the transmission line from the Dasu Hydropower Plant to Islamabad, according to a news source on January 31.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/world-bank-funds-approval-ensures-pak-safety.html\" target=\"_blank\" rel=\"noreferrer noopener\">PAK secures World Bank\u2019s approval of USD 350mn funding package<\/a><\/p>\n\n\n\n<p>As disclosed in the details, the Economic Affairs Division (EAD) forwarded the request to extend the closing date until June 30, 2025, aiming to sustain the construction of a 765 kilo-volt (kV) transmission line from Dasu Hydropower Plant to Islamabad West Substation.<\/p>\n\n\n\n<p>Under the implementation of the Transmission Component, the National Transmission and Despatch Company (NTDC) is overseeing the project. This extension marks the first prolongation of the IBRD loan, with key contracts totalling USD 654.5 million awarded for various aspects of the project.<\/p>\n\n\n\n<p>The contracts cover:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Lot 1: Construction of Transmission Line from Dasu to Mansehra<\/li>\n\n\n\n<li>Lot 2: Transmission Line from Mansehra to Islamabad Substation<\/li>\n\n\n\n<li>Lot 3: Mansehra Substation. Contracts and other necessary components are being financed utilising the available USD 700 million in the IBRD loan.<\/li>\n<\/ul>\n\n\n\n<p>As of January 15, 2024, USD 103.1 million has been disbursed from the IBRD Loan, with USD 245.2 million reserved as Special Commitments to ensure the procurement of equipment and parts.<\/p>\n\n\n\n<p>Contractors are currently mobilised, design approvals are nearing completion, and progress is evident in various project aspects. The overall progress of the project toward achieving its development objectives is deemed satisfactory, with the dam construction already underway.<\/p>\n\n\n\n<p>Further funding arrangements by the bank are underway for the Hydropower Component, managed by the Pakistan Water and Power Development Authority (WAPDA). The completion of the transmission line is crucial for the evacuation of power from the 2,160-megawatt hydropower plant, with the potential for longer extensions in the future depending on implementation progress. <\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/world-bank-usd-1-6-bn-flood-relief-sindh.html\" target=\"_blank\" rel=\"noreferrer noopener\">World Bank approved USD 1.6 bn for flood relief efforts in Sindh<\/a><\/p>\n\n\n\n<p>The project\u2019s primary objective is to enhance Pakistan&#8217;s electricity supply through hydro-power expansion, benefiting local communities and strengthening WAPDA&#8217;s capacity for future hydropower projects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Pakistan Government has reached out to the World Bank, seeking a 13-month extension for the closing date of a loan to facilitate the completion of the transmission line from the Dasu Hydropower Plant to Islamabad, according to a news source on January 31. Read: PAK secures World Bank\u2019s approval of USD 350mn funding package As disclosed in the details, the Economic Affairs Division (EAD) forwarded the request to extend the closing date until June 30, 2025, aiming to sustain the construction of a 765 kilo-volt (kV) transmission line from Dasu Hydropower Plant to Islamabad West Substation. Under the implementation of the Transmission Component, the National Transmission and Despatch Company (NTDC) is overseeing the project. This extension marks the first prolongation of the IBRD loan, with key contracts totalling USD 654.5 million awarded for various aspects of the project. The contracts cover: As of January 15, 2024, USD 103.1 million has been disbursed from the IBRD Loan, with USD 245.2 million reserved as Special Commitments to ensure the procurement of equipment and parts. Contractors are currently mobilised, design approvals are nearing completion, and progress is evident in various project aspects. The overall progress of the project toward achieving its&hellip;<\/p>\n","protected":false},"author":88,"featured_media":96280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[17860,20299,57643,21890],"persona":[],"class_list":{"0":"post-96272","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-dasu-dam","9":"tag-dasu-hydropower-project","10":"tag-latest-news-and-updates","11":"tag-world-bank-wb","12":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dasu Hydropower Plant: GOP Looks for Extension - Zameen News<\/title>\n<meta name=\"description\" content=\"GOP requests a 13-month loan extension from the World Bank for Dasu Hydropower Plant&#039;s transmission line to Islamabad.\" \/>\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\/dasu-hydropower-plant-gop-looks-for-extension.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dasu Hydropower Plant: GOP Looks for Extension - Zameen News\" \/>\n<meta property=\"og:description\" content=\"GOP requests a 13-month loan extension from the World Bank for Dasu Hydropower Plant&#039;s transmission line to Islamabad.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/dasu-hydropower-plant-gop-looks-for-extension.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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