World Bank approves $1 bn loan for China-backed hydropower project in Pak ...Middle East

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World Bank approves $1 bn loan for China-backed hydropower project in Pak
source : Business Standard ( Middle East ) () 46
The World Bank has approved an additional loan of USD 1 billion for cash-strapped Pakistan to support the China-backed Dasu hydropower project in the restive Khyber Pakhtunkhwa province. According to a report in the Express Tribune newspaper, this constitutes the third major financing by the global lender for the project, which earlier secured USD 588.4 million for preparatory works and an additional USD 700 million for constructing the transmission line to transmit electricity from the project. The Dasu hydropower project, situated approximately 300 km north of Islamabad in the unruly Khyber Pakhtunkhwa province, is being developed by China Gezhouba with funding from the global lender and h

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