The Pakistan state-owned Water and Power Development Authority (WAPDA) is seeking proposals for a US$244m foreign currency loan to finance the first phase of the 4.3 GW Dasu hydropower project on the main Indus river, in the Kohsitan district of the Khyber Pakhtunkhwa region. The Dasu hydropower project is developed a joint venture between GE Hydro China and Power China Zhongnan Engineering Corporation for US$474m, including US$244m in foreign currency. In 2017, WAPDA secured a PKR144bn (US$933m) local currency loan from a consortium of seven Pakistani banks. In addition, it obtained a $350 million from Credit Suisse, using a World Bank’s partial credit guarantee.
Issues related to land acquisition have been resolved, and construction work is ongoing. It includes construction of right bank access roads, relocation of Karakoram Highway, construction of 132 KV transmission line and grid station to provide electricity from Duber Khwar Hydel power plant to the project. The first stage of the project, consisting of six 360 MW units (combined power generation capacity of 2,160 MW), is expected to be commissioned in early 2025. It is expected to generate 12 TWh/year of electricity. The second 2,160 MW phase would generate an additional 9 TWh/year.
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