KARACHI: As many as 16 leading local banks participated in a road show held by Pakistan Water and Power Development Authority (WAPDA) in Karachi for urging banks about investment potential in Dasu Hydropower Project.
WAPDA team highlighted the vast lucrative investment opportunities in the project. It was informed that WAPDA was seeking an investment of around $1 billion from the local banks that may take benefit of the opportunity by constituting their consortium to invest in the project through workable instrument.
The participants were told that World Bank has provided $588 million for Dasu Hydropower Project as first trench and will provide $533 million as second trench. In addition, World Bank will also help raise $920 million from the international and local market by offering its guarantee.
The local banks, showing their keen interest, appreciated the WAPDA’s initiative. They said that the banks would thoroughly examine the various proposals presented in the road show and respond accordingly. It is pertinent to mention here that Dasu Hydropower Project is a run of river project at the Indus River located seven kilometres upstream of Dasu Town in District Kohistan of Khyber Pakhtunkhwa (KPK).
