US rejects Pakistan’s funding request for Bhasha dam

The United States rejected Pakistan's request for funding its Bhasha dam.

Instead it asked Pakistan to focus on small projects for enhancing its power projection to meet growing demand. After a negative response from the World Bank

Multinational financial agencies such as the World Bank has earleir declined Pakistan's call for funds for this key project.

The Bhasha dam is Pakistan's only mega hydropower project for which the government of Pakistan has already completed the paper work.

But the Planning Commission confirmed that despite negative response to its efforts made so far for raising funds for Bhasha dam, the government of Pakistan was working on the project.

"We have no other option but to keep on pushing Basha dam project ahead as per its original plan as the ideal project in terms of its cost and completion period," the official said.

Basha dam has a capacity to produce 4500 MW electricity and needs roughly $8 billion.