ISLAMABAD (PEN) : The dam is a run-of-the-river project on the Indus River and is designed to generate up to 5,400 megawatts of power.The World Bank has just approved an extra $1 billion for the Dasu hydropower project, which is crucial for keeping the work on track. This new funding boosts the World Bank’s total support for the project to 45% of its cost.
The Dasu project, built in stages on the Indus River, aims to generate up to 5,400 megawatts of power. However, it’s faced delays and challenges, including attacks on workers. The added funds will not only help expand electricity supply but also improve local community services and build the capacity for future hydropower projects.
Despite this support, the World Bank highlights a major obstacle: Pakistan’s energy sector faces a staggering $18 billion in circular debt. This debt hampers future investments and affects the country’s energy stability. The World Bank notes that without significant economic reforms and new international support, Pakistan’s energy sector will struggle to attract the necessary investment to address these issues.
The Dasu project is more than just a power source; it’s a beacon of hope for local development, improving education, health, and job opportunities. However, completing it has been a long journey, with significant delays from the original goal of 2021. The ongoing support aims to ensure this vital project can be finished and continue to benefit the region.
