Construction of Dasu hydropower project in the doldrums.

Construction of Dasu hydropower project in the doldrums.

The timely construction of $2.5 billion first phase of the Dasu hydropower project is in the doldrums owing to petty disputes among stakeholders which may lead to cancellation of international funding. A senior official at the Economic Affairs Division told Dawn that they feared cancellation of $1.1 billion loan agreement by the World Bank on […]

World Bank pulls funding for DRC hydropower project.

World Bank pulls funding for DRC hydropower project.

The World Bank has suspended funding for the long-delayed Inga-3 hydroelectric project in Democratic Republic of Congo following disagreements over the “strategic direction” of the project, it said in a statement late on Monday. The $14bn Inga-3 project along the Congo River will expand on two existing Inga hydroelectric dams and is part of an […]

Construction of Upper Trishuli-1 HPP in Nepal to begin in Oct 2017.

Construction of Upper Trishuli-1 HPP in Nepal to begin in Oct 2017.

If things go according to plan, construction of 216-megawatt Upper Trishuli-1 hydroelectric project will begin in October next year. Upper Trishuli-1 is a project being developed by Nepal Water and Energy Development Company (NWEDC), a joint venture between three Korean companies, the International Finance Corporation (IFC), the private sector lending arm of the World Bank […]

Participation of World Bank in rehabilitation of Nurek HPP discussed in Tajikistan.

Participation of World Bank in rehabilitation of Nurek HPP discussed in Tajikistan.

Tajik Finance Minister Abdusalom Qurboniyon yesterday received a delegation of the World Bank, led by Ranjit Lamech, World Bank Practice Manager, Energy and Extractive Global Practice in the Europe and Central Asia Region. Ms. Patricia Veevers-Carter, the World Bank Country Manager for Tajikistan, also attended the meeting. According to the Ministry of Finance (MoF) Secretariat, […]

Daus hydropower project top priority for Pakistan.

Daus hydropower project top priority for Pakistan.

Finance Minister Senator Ishaq Dar on Thursday highlighted that early implementation of the Dasu Hydropower Project – Stage I was a national priority to make affordable power available to the nation. The Minister was chairing a meeting to review the implementation status of the Dasu Hydro Power Project. Country Director World Bank Patchamuthu Illangovan was […]

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