Press "Enter" to skip to content

Posts published in “Day: August 12, 2012

Neelum-Jhelum project also hits finance snags: By Khalid Mustafa in the News, Aug 12

ISLAMABAD: Pakistan’s second most strategically important Rs274 billion Neelum-Jhelum Hydropower project of 969 MW, has also landed into deep financial trouble endangering its scheduled completion in 2016, as its financiers have raised a number of issues to continue funding the project, a senior official at Ministry of Finance told The News. This shock has come from Middle Eastern donors after the World Bank and the Asian Bank refused to fund the Bhasha Dam unless a…