More

    Nawaz Sharif approves financing for Diamer Basha dam

    Must Read

    Several trains of WR affected due to Kisan agitation and yard remodelling work at Kosi Kalan

    Due to ongoing Kisan agitation in Punjab, train movement has been affected and hence, few trains have...

    WR extends trips of six festival special trains till 3rd January 2020

    For the convenience of passengers and with a view to meet the travel demand, Western Railway has...

    Meeting organised by OSD to stop the spread of covid through balance of enforcement and awareness

    Officer on Special Duty and Education Secretary Dr. Vinod Rao held a consultation meeting with District Collector...

    Pakistan Prime Minister Nawaz Sharif on Monday approved, in principle, the financing plan for Diamer Basha dam, a gravity dam on the Indus river, in Gilgit-Baltistan’s Diamer district.

    Sharif directed the water and power, planning and finance secretaries to expedite work on the financial proposal and start related preparations to ensure the physical work on the dam’s construction kicks off before the end of 2017, Dawn reported.

    The project has faced several setbacks because major sponsors, including the World Bank and Asian Development Bank, refused to finance the project. According to them the dam’s location is in a disputed territory, and they asked Pakistan to get a no-objection certificate from neighbouring India.

    The dam portion of the project will be constructed through Public Sector Development Programme (PSDP) allocations and Water and Power Development Authority (Wapda) generated resources.

    The remaining financing for the power-generation portion will be arranged on commercial basis by the ministry either through Wapda or through leasing its existing projects.
    prime-minister-nawaz-sharif
    The dam was approved for construction by the Council of Common Interests (CCI) in 2009. Efforts to finance it through multilateral donors had been prolonged.

    The Diamer Basha dam will provide 8.1 million acre feet (MAF) of gross storage. Of this, 6.4 MAF will be live storage and a capacity to produce 4500 MWs of cheap and clean energy. The premier also appreciated the fact that the land acquisition for the dam has been completed.

    The construction of Diamer-Basha dam was originally scheduled to be completed in 2016, and then in 2019 after the military regime of Gen Pervez Musharraf decided on its construction. But work on the project did not progress at all during his rule.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Latest News

    Several trains of WR affected due to Kisan agitation and yard remodelling work at Kosi Kalan

    Due to ongoing Kisan agitation in Punjab, train movement has been affected and hence, few trains have...

    WR extends trips of six festival special trains till 3rd January 2020

    For the convenience of passengers and with a view to meet the travel demand, Western Railway has decided to further extend the...

    Meeting organised by OSD to stop the spread of covid through balance of enforcement and awareness

    Officer on Special Duty and Education Secretary Dr. Vinod Rao held a consultation meeting with District Collector Shalini Agarwal, Municipal Commissioner P...

    28 November – Know your today’s horoscope

    Aries: Remain calm-tension free today. Any uninvited guest can come into your house today, but his/her luck can benefit you financially. Your...

    Revision in timings of few WR special trains including Rajdhani and Shatabdi

    It has been notified that the timings of few special trains of Western Railway including Rajdhani & Shatabdi trains, will be revised...

    More Articles Like This

    - Advertisement -