Implementation of Dasu Hydropower Project top priority: Dar

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Implementation of Dasu Hydropower Project top priority: Dar

ISLAMABAD, Jul 14 (APP): Finance Minister, Senator Mohammad Ishaq Dar Thursday highlighted that early implementation of 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 implementation status of  the Dasu Hydro Power Project.

Country Director, World Bank, Patchamuthu Illangovan was also present.

The Minister reaffirmed the commitment of the present government to  resolve implementation issues and move fast to achieve project completion timeline.

The Country Director World Bank expressed appreciation for the  government for undertaking this project with strong commitment and assured full support for the financing arrangement of the project.

Patchamuthu Illangovan appreciated the Finance Minister for his  continuou support for resolving operational issues of the Dasu Hydropower Project on fast track basis.

He reiterated World Bank’s resolve for early Implementation of Dasu Hydropower Project.

Earlier, the Ministry of Water and Power and WAPDA officials apprised  the meeting that as a result of facilitation by the Ministry of Finance, the issue of provincial tax on land acquisition has been resolved. Thus the land acquisition process will now be expedited.

On the issue of security, the meeting was informed that the Ministry  of Interior had been approached and the issue of deployment of FC in the area would be finalized soon.

The meeting was informed that six contracts have so far been awarded  while the bidding process of the 7th contract for main works has been completed. The bids have been opened and are currently under evaluation.

The meeting was further updated on the progress of financing  arrangement, both domestic and external.

The Finance Minister directed early evaluation of the bids while  following due process and ensuring transparency. He directed all stakeholders to ensure expeditious resolution of implementation related issues.

Senior Officials of Ministry of Finance, Ministry of Water & Power,  WAPDA and World Bank attended the meeting.