LAHORE: About ten foreign companies have showed their interest to construct 4,320MW Dasu hydropower project, while the World Bank is financing stage-I of the project with an International Development Association (IDA) loan of $588.4 million and an IDA PCG (partial credit guarantees) of $460 million, said a government statement.
Water and Power Development Authority (Wapda) said that the Completion of the first stage will contribute more than 12 billion units of cheap, affordable and environment-friendly electricity to the national grid.
Four of the firms and joint ventures are from Turkey, one from Italy, three from China, one from Korea and one belongs to Vietnam. The run-of-the-river Dasu hydropower dam is being constructed in Kohistan district of Khyber Pakhtunkhwa.
The Wapda has started the evaluation of the proposals, the statement said. “On completion of the process, the bid documents will be issued to the pre-qualified firms and joint ventures.”
