Islamabad – Executive Committee of the National Economic Council (ECNEC) Friday approved the 26 MW Shagarthang Hydropower Project for Skardu, Baltistan. The project would cost up to 4843.726 million rupees. 80% of the cost is being provided by Asian Development Bank and European Investment Bank while 20% by Public Sector Development Projects.
The Shagarthang Hyderpower Project is being constructed in the Shagarthang Valley, 50 km from Skardu Town, at Kachura Lungma, left tributary of Indus River. The project is scheduled to be completed by March 2015.