ANL 27.74 Increased By ▲ 0.24 (0.87%)
ASC 16.95 Decreased By ▼ -0.06 (-0.35%)
ASL 24.55 Increased By ▲ 0.65 (2.72%)
AVN 96.00 Increased By ▲ 2.31 (2.47%)
BOP 9.50 Decreased By ▼ -0.01 (-0.11%)
BYCO 9.79 Increased By ▲ 0.04 (0.41%)
DGKC 111.95 Increased By ▲ 1.70 (1.54%)
EPCL 48.65 Increased By ▲ 0.86 (1.8%)
FCCL 21.70 Increased By ▲ 0.43 (2.02%)
FFBL 27.40 Decreased By ▼ -0.01 (-0.04%)
FFL 19.12 Increased By ▲ 0.32 (1.7%)
HASCOL 14.52 Decreased By ▼ -0.04 (-0.27%)
HUBC 86.51 Decreased By ▼ -0.16 (-0.18%)
HUMNL 7.64 Increased By ▲ 0.31 (4.23%)
JSCL 32.28 Increased By ▲ 1.34 (4.33%)
KAPCO 41.65 Increased By ▲ 0.60 (1.46%)
KEL 4.36 Increased By ▲ 0.26 (6.34%)
LOTCHEM 16.45 Increased By ▲ 0.20 (1.23%)
MLCF 43.67 Increased By ▲ 0.65 (1.51%)
PAEL 39.85 Decreased By ▼ -0.05 (-0.13%)
PIBTL 13.05 Increased By ▲ 0.44 (3.49%)
POWER 11.68 Increased By ▲ 0.29 (2.55%)
PPL 94.50 Increased By ▲ 0.50 (0.53%)
PRL 24.25 Increased By ▲ 0.26 (1.08%)
PTC 9.40 Decreased By ▼ -0.10 (-1.05%)
SILK 1.27 Increased By ▲ 0.01 (0.79%)
SNGP 45.15 Increased By ▲ 0.15 (0.33%)
TRG 108.98 Increased By ▲ 2.53 (2.38%)
UNITY 34.11 Decreased By ▼ -0.08 (-0.23%)
WTL 1.14 Increased By ▲ 0.01 (0.88%)
BR100 4,866 Increased By ▲ 32.65 (0.68%)
BR30 24,821 Increased By ▲ 127.44 (0.52%)
KSE100 45,984 Increased By ▲ 307.52 (0.67%)
KSE30 19,148 Increased By ▲ 122.61 (0.64%)

Diamer-Bhasha Dam will generate low-cost hydel power in country: PM

  • Imran says Pakistan has huge potential for hydel power, which needs to be tapped
15 Jul 2020

(Karachi) Prime Minister Imran Khan has said that Diamer-Bhasha Dam will generate low-cost environment friendly hydel power in the country.

Addressing a public gathering in Chilas after visiting the dam site on Wednesday, he said Diamer Bhasha Dam will not affect climate and will be the third largest dam of the country. Army Chief General Qamar Javed Bajwa and DG ISI Lt. General Faiz Hameed were also present on the occasion.

The PM maintained, "The plan to construct the dam was envisaged 40 years ago, but work on it is being started today."

Diamer Bhasha commencement of construction a ‘historic milestone’, says Bajwa

He said, "We will neither have to import fuel for this project nor it will be harmful as far as global warming is concerned."

Imran highlighted Pakistan has huge potential for hydel power, which needs to be tapped. He said the government will also launch other hydel power projects.

He pointed out the construction of the Diamer-Bhasha Dam will change the fate of the people of Gilgit-Baltistan by creating employment opportunities for them. "The tourism sector in the region will also get promoted with the implementation of the mega project."

Diamer Bhasha dam, which is a mega project of national importance, was all set for physical implementation after issuance of Letter of Acceptance (LoA) to the contractors for award of main contract amounting to Rs442 billion by Wapda on May 4, 2020.

The contract of consultancy services of the project amounting to Rs 27.182 billion had also been awarded on May 11, 2020, and a total amount of Rs 39.088 billion was required in the current financial year to pay for the mobilization advance to the contractor as well as the consultants.

Though Chinese company is part of a joint venture in the Diamer Bhasha Dam Project, China had refused to fund the project on the plea that since Asian Development Bank and World Bank are reluctant to be part of the project is disputed territory, it cannot also fund the project.

PM