World Bank approves $1bn additional financing for Dasu Hydropower Project

The World Bank has approved $1 billion in additional financing for the Dasu Hydropower Project (DHP) in Khyber Pakhtunkhwa’s Upper Kohistan district, it emerged on Tuesday. “The World Bank’s Board of Executive Directors today approved $1 billion in a second round of additional financing for the Dasu Hydropower Stage I (DHP I) Project,” the global bank said in a press release issued late last night. “This financing will support the expansion of hydropower electricity supply, improve access to socio-economic services for local communities, and build the Water and Power Development Authority’s (Wapda) capacity to prepare future hydropower projects,” it highlighted.