The Dasu Dam is a gravity dam presently being built on the Indus River near the place of Dasu in Kohistan District, Khyber Pakhtunkhwa Province, Pakistan. The 242 meters (794 feet) tall dam will support a 4,320 MW hydroelectric power station which will be constructed in two 2,160 MW stages. Water from the reservoir will be diverted to the power station situated over 3.5 kilometers (2.2 mi) downstream. The 1st stage was passed by the Executive Committee of the National Economic Council on the day of 29 March 2014. That stage will charge an estimated US$4.278 billion. Funding is being offered by the World Bank (US$700 million), the Industrial and Commercial Bank of China (US$1.5 billion), Deutsche Bank (US$1 billion) and Aga Khan Development Network (US$500 Million). Completion of stage one is anticipated in the year of March 2019. Prime Minister Nawaz Sharif attended the groundbreaking ceremony of dam on the day of 25 June 2014.
Resettlement and Shatial Museum of Dasu Dam
Pakistan Water and Power Development Authority (Wapda) on the day of December 15th, 2015 has signed an agreement worth Rs571.95 million with China Railway First Group for construction at resettlement sites and building the Shatial museum – 2 schemes that are part of the Dasu hydroelectric power project.
The agreement involves construction at 3 sites for the resettlement of displaced people belonging to Choochang village and developing an open-air museum at the archeological location of Shatial to conserve pre-historic rock carvings. Work on these schemes is hoped to be completed in 1 and a half years.
Korea Electric Power Company
Korea Electric Power Company is constructing the Dasu Hydropower Project on the Indus River through a consortium, with the 1st stage of the project to be serviceable by the year of 2021.