Dasu hydropower: Road show organised to garner investment

LAHORE:

In an attempt to draw investment from local banks, the Pakistan Water and Power Development Authority (Wapda) held a road show in Karachi to highlight investment potential of the Dasu Hydropower Project.

The heads of investment of as many as 16 leading local banks participated in the road show. Wapda team, headed by its member finance and member water, introduced the project with emphasis on possible modalities of investment in the project.

The aim of the road show was to highlight the vast lucrative investment opportunities in the project. It was informed that Wapda was seeking around $1 billion from local banks that may take benefit of the opportunity by constituting their consortium to invest in the project.

The participants were told that World Bank has provided $588 million for Dasu Hydropower Project as the first tranche and will provide $533 million as second tranche.

In addition, the World Bank will also help raise $920 million from the international and local market by offering its guarantee.

The local banks, showing their keen interest, appreciated Wapda’s initiative and said that the banks would thoroughly examine the various proposals presented in the road show and respond accordingly.

Published in The Express Tribune, January 17^th,  2015.

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