AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)
Business & Finance

China ready to include Diamer-Bhasha Project in CPEC

ISLAMABAD: The National Assembly Standing Committee on Planning, Development and Reform was informed on Monday tha
Published June 21, 2017

ISLAMABAD: The National Assembly Standing Committee on Planning, Development and Reform was informed on Monday that China has offered Pakistan to include the Diamer-Bhasha dam project in China-Pakistan Economic Corridor (CPEC).

Muzammil Hussain, Water and Power Development Authority (Wapda) Chairman, said that governments of Pakistan and China were seriously mulling over including the Diamer-Bhasha project in CPEC as no mega hydel project was included in economic corridor, according to APP.

The completion of project went in abeyance earlier in 2006 when the Asian Development Bank committed to funding the project refused to provide funds after 10 years, saying the project was situated in a dispute territory.

Hussain said PC-1 of the project holding 4,500MW installed capacity had already been completed and 85% land acquisition had also been made by the government.

The Wapda chairman told the committee that the project needed $14.49 billion for the completion that hindered due to issues in fund allocation.

He informed that other hydel power projects including Neelum-Jhelum and Tarbela extension would be completed by May 2018, which would provide an additional 2,500MW of electricity.

Work on the 800MW Mohmand Dam and power project would be initiated by March 2018 whereas Munda Dam project would also be started by the first quarter of next year. However, there was no funding problem for either of the two projects, he added.

The committee was apprised that work on the Dasu project would start by next month and it would be completed by 2022. This project will help produce 2,500MW.

The committee told the Ministry of Water and Power to submit its fund release policy in the next meeting.

Copyright Business Recorder, 2017

Comments

Comments are closed.