Abb Takk News

Several countries interested to finance Diamer-Bhasha Dam

ISLAMABAD: Minister for Water and Power Khawaja Asif on Monday said that several countries had expressed interest to finance Diamer-Bhasha Dam.

Talking to media, the minister said that land acquisition for the project had been completed. He said the project had been divided into two phases including water reservoir and the power house.

 He expressed the confidence that work on Diamer Bhasha Dam would start during the current year.

 The Minister for Water and Power said Neelum-Jhelum project would be made operational during the current year.

Responding to a question, the Minister said that water policy would be taken to the Council of Common Interests (CCI) for approval.

Earlier, an agreement regarding financial close of Suki Kinari hydropower project was signed at a ceremony.  The project to be constructed on River Kunhar will help generate eight hundred and seventy megawatt electricity. It will be completed by 2022 at a cost of 1.80 billion rupees