Prime Minister’s Special Assistant on Information and Broadcasting Dr Firdous Ashiq Awan while briefing the media persons about the cabinet meeting said that Executive Committee of the National Economic Council (ECNEC) has already approved construction of Dasu Dam. It is expected that work on the project will be initiated in the coming month.
Dasu Dam is a gravity dam currently being constructed on the Indus River near Dasu in Kohistan District, Khyber Pakhtunkhwa Province, Pakistan. The 242 m (794 ft) tall dam will support a 4,320 MW hydroelectric power station which will be built in two 2,160 MW stages. Water from the reservoir will be diverted to the power station located about 3.5 km (2.2 mi) downstream. The first stage was approved by the Executive Committee of the National Economic Council on 29 March 2014. That stage will cost an estimated US$4.278 billion. Funding is being provided by the World Bank (US$700 million), the Industrial and Commercial Bank of China (US$1.5 billion), Deutsche Bank (US$1 billion) and Aga Khan Development Network (US$500 Million).