News > World Bank approves $1 bn loan for China-backed hydropower project in Pak

World Bank approves $1 bn loan for China-backed hydropower project in Pak

According to a report, this constitutes the third major financing by the global lender for the project, which earlier secured $1288.4 million. The Dasu hydropower project, situated approximately 300 km north of Islamabad in the unruly Khyber Pakhtunkhwa province, is being developed by China Gezhouba with funding from the global lender and has endured at least two deadly terrorist attacks targeting Chinese nationals involved in its construction.