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25 May 2017 Last updated 3 hours ago

Several countries keen to finance Diamer-Bhasha Dam: Khawaja Asif

Several countries keen to finance Diamer-Bhasha Dam:  Khawaja Asif File Photo

Minister for Water and Power says land acquisition for the project has been completed.

Minister for Water and Power Khawaja Asif has said several countries have expressed interest to finance Diamer Bhasha Dam.

Talking to the media persons in Islamabad on Monday, he said land acquisition for the project has been completed. He said the project has been divided into two phases including water reservoir and the power house.

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

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

Responding to a question, the Minister said water policy will be taken to the council of common interests 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.