ISLAMABAD: Prime Minister Nawaz Sharif witnessed the signing ceremony of a financing agreement of $588.4 million with the World Bank relating to development of Dasu Hydropower Project on Monday night.
Another agreement for $76.4 million financing was signed for Sindh Agricultural Growth Project.
The project agreements of Dasu Hydropower Project were signed by the Wapda chairman and managing director of National Transmission and Dispatch Company (NTDC) and World Bank Country Director Rachid Benmessaoud.
The project agreement of Sindh Agricultural Growth Project was signed by Secretary of Agriculture, Sindh, and Country Director of World Bank, according to a press release issued by the Prime Minister’s office here on Tuesday.
The prime minister was informed that Dasu Hydropower Project has the potential of producing 4,320MW electricity which would be developed in two phases.
Under Phase-I, 2160MW electricity will be produced which will be extended to 4,320MW in future under Phase-II.
The Sindh Agricultural Growth project would improve agriculture and livestock sector productivity of Sindh.
The project will use a value chain approach to provide direct investment support to farmers and small and medium producer groups for development of more effective and efficient farming systems; and introduction of technology packages for increased productivity and value-addition and improved market access.
The ceremony was attended by federal ministers Senator Pervaiz Rashid, Ahsan Iqbal and Khawaja Muhammad Asif, Abid Sher Ali, Sindh ministers Ali Nawaz Mehr, Jam Khan Shoro among senior officers.