An agreement in this respect was signed between the Water and Power Development Authority (Wapda), Harpo hydropower consultants and KfW during a meeting at Wapda House on Monday.
Earlier, a feasibility study of the power project was completed by Wapda Hydro Planning Organisation in collaboration with GTZ of Germany.
KfW has also committed to providing finances for a detailed engineering design and construction of the project after the update of the feasibility study.
General Manager (Hydro) Planning Maqsood Shafique Qureshi said the 33-megawatt Harpo project will be constructed on Harpo Nullah, a left tributary of Indus river in Skardu. The project is estimated to generate 187 million units of low-cost electricity per annum.
Published in The Express Tribune, December 21st, 2010.
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