Prime Minister Nawaz Sharif Llaying the foundation stone for the Dasu power project has said the project would prove to be a milestone for the country and help resolve the energy crisis in the country.
Addressing the groundbreaking ceremony of the 4,320 megawatt power project, PM Nawaz said hydel resources will be fully exploited in order to overcome the electricity crisis. He went on to add that work on the Diamer-Bhasha dam would begin soon.
The World Bank has agreed to provide assistance worth $1 billion dollars for the project, which is expected to be completed in two phases; the first phase will be completed in five years and will add 2,160MW electricity to the national grid.
The premier also said an additional 40,000 megawatts of electricity could be generated from new power projects on the Indus River. At present, 7,000 megawatts of electricity is being generated from these projects.
The Dasu project is part of the least-cost energy production plan of Wapda aimed at harnessing the country’s hydropower resources to improve the share of hydroelectricity in energy mix.
The project will be constructed on the Indus River, seven kilometres upstream of Dasu village and 74 km downstream of Diamer-Bhasha Dam. The project is situated on the Karakoram Highway, about 350 km from Islamabad.