World Bank grants $1 billion loan for Pakistan’s crucial hydropower project

The World Bank has recently approved a $1 billion loan for the construction of Pakistan’s largest hydropower project, which is being built in the country’s northwest with assistance from China. This project is crucial for the energy sector in Pakistan and will contribute to greening the sector while reducing the cost of electricity.

Najy Benhassine, the World Bank director for Pakistan, highlighted the challenges facing Pakistan’s energy sector in achieving affordable, reliable, and sustainable energy. The dam is located in the Khyber Pakhtunkhwa province in northwestern Pakistan, bordering Afghanistan. Once completed, it will have an installed capacity of 4,320 to 5,400 megawatts.

The loan will be utilized to expand the hydropower electricity supply and improve access for local communities. Chinese workers have been involved in the construction of the Dasu dam and other projects related to the China-Pakistan Economic Corridor. However, some Chinese workers have been targeted by militants in recent years who accuse them of exploiting mineral resources. Despite these challenges, this project represents a significant step forward towards a more sustainable future for Pakistan’s energy sector.

By Sophia Gonzalez

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