Rupees 7.52 billion agreements was signed between Pakistan Water & Power Development Authority (Wapda) and Sambu-Sarco joint venture comprising a Korean and a Pakistani firm, here at Wapda House on Monday for Lot-II of 106-MW Golen Gol Hydropower Project.
General Manager (North) Projects Fazal-e-Mabood and Sambu Board of Representatives Chairman Oh Sung Hoon signed the agreement on behalf of Wapda and the joint venture respectively. Golen Gol Lot-II involves construction of diversion weir, intake, gravel trap, sand trap, headrace tunnel, pressure shaft, pressure tunnel and roads. Construction work of Wapda offices and colonies for the project is at the advance stage of completion.
Speaking on the occasion, Wapda Member (Water) Syed Raghib Abbas Shah dilated upon the significance of Golen Gol Hydropower Project and expressed the hope that the joint venture would complete the works in accordance with the schedule.
Golen Gol Hydropower Project is a part of least-cost energy generation plan, being executed by Wapda on priority basis to harness the indigenous hydropower resources of the country with a view to improving the ratio of hydel electricity in the National Grid.
The project is located on the River Golen Gol, a major tributary of the River Mastuj in Chitral district of Khyber Pakhtunkhwa province about 380 kilometres from Islamabad. On its completion, Golen Gol Hydropower Project will generate about 436 million units of electricity (GWh) to earn revenue of about Rs 1 billion annually.
Being an environment friendly hydropower project, it will help reduce dependence on expensive thermal power, thereby saving foreign exchange amounting to US $34 million (equivalent to Rs 2.7 billion) per annum to the country. Wapda Member (Power) Muhammad Qasim Khan, Member (Finance) Syed Nazakat Ali Shah, Secretary Imtiaz Tajwar and other officers concerned also witnessed the signing ceremony.
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