Browsing Tag

Water and Power

US evinces interest in Diamer Basha Dam project

October 24, 2012: A three-member team of the US Embassy, lead by Counsellor for Economic Assistance and Development Richard Albright, called on Federal Minister for Water and Power Chaudhry Ahmed Mukhtar here on Tuesday and discussed various matters of co-operation in power sector, management/improvements in the distribution companies (Discos) and financing for the Diamer Basha Dam (DBD). The minister, while welcoming the delegation, appreciated the US co-operation and assistance being…

Diamer-Bhasha Dam project: ADB urged to act as lead financier

October 19, 2012: Pakistan has requested the Asian Development Bank (ADB) to act as lead financier for $4.792 billion loan for the construction of Diamer-Bhasha Dam project designed to generate 4500 MW electricity and live water storage capacity of 6.4 million acre feet (MAF), it was learnt. Sources told Business Recorder that the ADB was requested to act as lead financier of Diamer-Basha Dam project here on Thursday by the economic team led by Finance Minister Dr Abdul Hafeez Sheikh and…

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