Islamabad: Executive Council of Economic Coordination Committee has approved phase one of Dasu Hydel Power Project. Meeting was held in Islamabad today under the chairmanship of Finance Minister Ishaq Dar in Islamabad.
The first phase of the project will be completed in five years time. The project will cost over four hundred and eighty six billion rupees and will produce 4320 MW of electricity. The council also approved Harpo hydro power project which will produce 34.5 megawatt of electricity.
Total cost of the project is 9.5 billion rupees while Germany and France will provide a loan of 70 million Euro for Harpo project. Speaking on the occasion, the Finance Minister said the government is utilizing the natural resources for the welfare of the people.