Pakistan will on Tuesday exchange MoU with Asian Development Bank on Diamir Bhasha Dam mega project. Wapda Chairman Shakil Durrani, who on Monday called on Prime Minister Yousuf Raza Gilani, said ADB also agreed to become Financial Advisor for this mega project.
Durrani said Prime Minister laid the foundation of the project ground breaking ceremony in October 2010, viz its earlier approval by Council of Common Interests which gave requisite confidence to international financial institutions that there was no going back by the government is committed to undertake the project. The project will add 4500MW power to national grid and prove to be lifeline for agriculture and industrial sectors.