This newly established office would provide strategic guidance and coordinate efforts for fast-paced progress on the under-construction mega projects in water and hydropower sectors and ensure their completion according to timelines. Minister of State for Water and Power, Ch. Abid Sher Ali and Chairman Wapda were also present on the occasion.
During the briefing, Federal Minister for Water and Power Khawaja Muhammad Asif said, “Pakistan is blessed with abundant natural resources including hydel, coal, solar, and wind. However, due to lack of sustained policy focus and solid planning, timely steps could neither be taken for development of these resources nor were these resources put to their optimum use”.
He further added that in order utilize the identified hydropower potential of 40,000 MW, the Ministry of Water and Power has chalked out a three-pronged least cost hydel generation and water storage development plan to cope with water and power requirements of the country.
He also informed during the briefing that the present government has expedited construction work on 969-MW Neelum-Jhelum Hydropower Project and the first unit of the project will come online in December 2015 in accordance with the directions of the Prime Minister.
Highlighting the efforts of present government for construction of hydel power plants it was informed in the meeting that Rs. 27 billion were released during FY-2013-14 for4500-MW Diamer Basha Dam. In this year’s PSDP, the government has earmarked Rs. 15 billion for completion of land acquisition on fast-track basis.
In this regard the United Agency for International Development hosted an Investors’ Conference in Washington in September to apprise the US businessmen, investors, and International Financial Institutions (IFIs), about lucrative investment opportunities in DiamerBasha Dam Project.
The government plans to construct 4320-MW Dasu Hydropower Project together with Diamer Basha Dam project. Dasu Hydropower Project will be constructed in two stages of 2160 MW each and World Bank has approved the funding for the Stage-I. In August 2014, agreement signing ceremony has been taken place in Islamabad.
World Bank will provide $588 million for the construction of Stage-I of Dasu Hydropower Project.The construction work has also been started on 1410-Tarbela 4th Extension Project which is scheduled to be commissioned by the mid-2016. Ministry of Water and Power also plans to launch construction of the 5th Extension of Tarbela HPP simultaneously with the 4thExtension. In addition to this the PC-1 of 7100-MW Bunji Hydropower Project has been submitted for approval. The process of land acquisition for this project would start soon.
The construction of these projects will not only generate cheap and affordable electricity but also improve the ratio of hydel energy in the energy mix. That is how abundant and relatively cheaper electricity will be available to meet the needs of our socio-economic development. It will also provide relief to the consumers by lowering power tariff as a result of increased generation cost.
Oct 25, 2016 0
Oct 25, 2016 0
Oct 25, 2016 0
Special coverage on China's Two Party Sessions by The Daily Mail - People's Daily