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China proposes $15bn Indus dam scheme

08 Jun 2011

China’s Three Gorges Project Corporation has proposed a $15bn hydropower scheme to Pakistan to dam the Indus river valley at several points, in a project aimed at controlling floods and tackling electricity shortages, Pakistan’s natural resources minister said on Tuesday . The deal, pitched by the builders of the Yangtze River dam, the world’s largest, is the latest example of Chinese interest in Pakistan, as the latter tries to develop natural gas, oil, coal and hydropower resources to boost its flagging economy.