"The bank's refusal to provide funds has virtually endangered the practicability of the Bhasha Dam on whose feasibility and technical reports huge amounts have already been spent since 2006," sources privy to a high-level meeting said.
The meeting chaired by Mir Hamdan Bugti was told that the Water and Power Development Authority (Wapda) required $30-40 billion for the projects, including the Bhasha Dam and others in the next 15 years to meet the growing electricity requirements through cheap power.
On the other hand, World Bank has stopped funds on the objections raised by India because they termed Gilgit-Baltistan a disputed territory.
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