AGL 38.15 Decreased By ▼ -1.43 (-3.61%)
AIRLINK 125.07 Decreased By ▼ -6.15 (-4.69%)
BOP 6.85 Increased By ▲ 0.04 (0.59%)
CNERGY 4.45 Decreased By ▼ -0.26 (-5.52%)
DCL 7.91 Decreased By ▼ -0.53 (-6.28%)
DFML 37.34 Decreased By ▼ -4.13 (-9.96%)
DGKC 77.77 Decreased By ▼ -4.32 (-5.26%)
FCCL 30.58 Decreased By ▼ -2.52 (-7.61%)
FFBL 68.86 Decreased By ▼ -4.01 (-5.5%)
FFL 11.86 Decreased By ▼ -0.40 (-3.26%)
HUBC 104.50 Decreased By ▼ -6.24 (-5.63%)
HUMNL 13.49 Decreased By ▼ -1.02 (-7.03%)
KEL 4.65 Decreased By ▼ -0.54 (-10.4%)
KOSM 7.17 Decreased By ▼ -0.44 (-5.78%)
MLCF 36.44 Decreased By ▼ -2.46 (-6.32%)
NBP 65.92 Increased By ▲ 1.91 (2.98%)
OGDC 179.53 Decreased By ▼ -13.29 (-6.89%)
PAEL 24.43 Decreased By ▼ -1.25 (-4.87%)
PIBTL 7.15 Decreased By ▼ -0.19 (-2.59%)
PPL 143.70 Decreased By ▼ -10.37 (-6.73%)
PRL 24.32 Decreased By ▼ -1.51 (-5.85%)
PTC 16.40 Decreased By ▼ -1.41 (-7.92%)
SEARL 78.57 Decreased By ▼ -3.73 (-4.53%)
TELE 7.22 Decreased By ▼ -0.54 (-6.96%)
TOMCL 31.97 Decreased By ▼ -1.49 (-4.45%)
TPLP 8.13 Decreased By ▼ -0.36 (-4.24%)
TREET 16.13 Decreased By ▼ -0.49 (-2.95%)
TRG 54.66 Decreased By ▼ -2.74 (-4.77%)
UNITY 27.50 Decreased By ▼ -0.01 (-0.04%)
WTL 1.29 Decreased By ▼ -0.08 (-5.84%)
BR100 10,089 Decreased By -415.2 (-3.95%)
BR30 29,509 Decreased By -1717.6 (-5.5%)
KSE100 94,574 Decreased By -3505.6 (-3.57%)
KSE30 29,445 Decreased By -1113.9 (-3.65%)

Azad Jammu and Kashmir (AJK) Minister for Information, Environment and Overseas Kashmiris, Mahmood Riaz said that Wapda missed an opportunity to fill the Mangla Dam during the last flood season and it also failed to settle even 10 percent people, which were affected due to Mangla Dam Raising Project.
He was addressing the members of Lahore Economic Journalists Association (LEJA) at Lahore Press Club here on Wednesday. The AJK minister underlined it was the first instance that Pakistan got the opportunity to fill the Mangla reservoir to its extended level, but unfortunately Wapda had missed it. He pointed out that the Wapda had completed the construction activity in a remarkable time but it did not bother to complete the housing colony and settle the affected people on time.
Riaz said that AJK had tremendous potential for hydel power generation and a number of domestic and foreign investors want to invest in the energy sector there, but AJK had no authority to start any power project larger than 100MW on its own. He disclosed that earlier the permissible limit was 50MW but after a long and tireless effort now the federal government had allowed the development of 100MW power projects.
He said that construction activity on Neelum Jehlum Hydro Power Project was underway. Chinese firm had completed a major portion of tunnels construction and the remaining work would be completed in six months. However, he pointed out that as it was a big project - it would start producing power generation sometime in 2018. In addition, he disclosed, some 20 small power projects were also in different stages, which would collectively generate 700MW electricity.
Speaking about Kishan Ganga Dam, he said that Pakistan should have developed dams ages ago, but it had missed that opportunity too. The energy demand in Pakistan had increased manifold during the previous decade. The federal government should plead Pakistan's case according to the Indus Water Treaty. United Nations and the World Bank should also play their role to resolve water dispute, he added.
Highlighting the investment avenues in tourism and trade, he said that the AJK government had announced the establishment of free zone in Mirpur. It had been proposed that special power lines to be set up from Mangla Dam for this free zone, he added. Answering a query, he said Punjab was a major trade partner of AJK, but the bad shape of road infrastructure was hurting the trade between Punjab and AJK.
He pointed out that most of the access roads could still not be developed after the 2005 earthquake. He urged Pakistani businessmen to visit and invest there to tap the potential of AJK. LEJA President Syed Jawwad Rizvi, Vice President Mian Shahid Nadeem, General Secretary Imran Adnan, Finance Secretary Rizwan Ali and other members participated in the meeting.

Copyright Business Recorder, 2011

Comments

Comments are closed.