ANL 12.65 Decreased By ▼ -0.90 (-6.64%)
ASC 12.86 Decreased By ▼ -0.46 (-3.45%)
ASL 13.79 Decreased By ▼ -0.23 (-1.64%)
BOP 8.41 Increased By ▲ 0.05 (0.6%)
BYCO 6.04 Decreased By ▼ -0.10 (-1.63%)
FCCL 17.00 Decreased By ▼ -0.61 (-3.46%)
FFBL 24.65 Decreased By ▼ -0.25 (-1%)
FFL 10.06 Decreased By ▼ -0.19 (-1.85%)
FNEL 9.55 Decreased By ▼ -0.25 (-2.55%)
GGGL 14.45 Decreased By ▼ -0.85 (-5.56%)
GGL 27.85 Decreased By ▼ -1.65 (-5.59%)
HUMNL 5.75 Decreased By ▼ -0.15 (-2.54%)
JSCL 15.20 Decreased By ▼ -0.80 (-5%)
KAPCO 31.89 Decreased By ▼ -0.16 (-0.5%)
KEL 3.12 Decreased By ▼ -0.05 (-1.58%)
MDTL 2.06 Decreased By ▼ -0.15 (-6.79%)
MLCF 32.60 Decreased By ▼ -1.79 (-5.21%)
NETSOL 90.49 Decreased By ▼ -5.01 (-5.25%)
PACE 4.10 Decreased By ▼ -0.15 (-3.53%)
PAEL 20.62 Decreased By ▼ -0.81 (-3.78%)
PIBTL 7.20 Decreased By ▼ -0.40 (-5.26%)
POWER 6.50 Decreased By ▼ -0.10 (-1.52%)
PRL 12.08 Decreased By ▼ -0.61 (-4.81%)
PTC 8.72 Decreased By ▼ -0.03 (-0.34%)
SILK 1.17 Decreased By ▼ -0.08 (-6.4%)
SNGP 37.20 Decreased By ▼ -1.48 (-3.83%)
TELE 15.00 Decreased By ▼ -0.88 (-5.54%)
TRG 77.83 Decreased By ▼ -3.90 (-4.77%)
UNITY 23.35 Decreased By ▼ -0.35 (-1.48%)
WTL 2.02 Decreased By ▼ -0.03 (-1.46%)
BR100 4,412 Increased By ▲ 11.3 (0.26%)
BR30 17,136 Decreased By ▼ -358.35 (-2.05%)
KSE100 43,206 Decreased By ▼ -28.38 (-0.07%)
KSE30 16,716 Increased By ▲ 18.3 (0.11%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,753
824hr
Pakistan Cases
1,286,022
39124hr
0.89% positivity
Sindh
476,233
Punjab
443,310
Balochistan
33,491
Islamabad
107,811
KPK
180,194

ISLAMABAD: Omar Ayub Khan, Federal Minister for Economic Affairs chaired a high-level meeting to review the progress of Tarbela Hydropower Project (T5), said a press release.

The World Bank has provided US$ 390 million for 5th extension of Tarbela Hydropower Project which will generate 1,410MW electricity. Asian Infrastructure Investment Bank (AIIB) has also committed to provide US$ 300 million for this project.

The representatives of Water and Power Development Authority (WAPDA) informed that the contract for electro-mechanical works of 5th Extension of Tarbela HPP has recently been awarded to a joint venture through an international competitive bidding. The project would be connected with 500kV transmission lines to be laid by National Transmission and Dispatch Company (NTDC) separately for the evacuation of power. During the meeting, the World Bank Team appreciated the efforts of the Ministry of Economic Affairs and WAPDA to put this project on track after initial delays due to various reasons.

The Minister for Economic Affairs expressed that this project would help to meet rapidly increasing requirements of water and electricity in the country. It will also improve energy security by increasing the share of clean and affordable energy in the country’s energy mix. The minister directed to resolve all the bottleneck and impending issues and to ensure timely completion of the project.

Tarbela 4th Extension project: TI-P urges ministry to take action against Wapda chief

Omar Ayub Khan highlighted the issue of hiring local people, especially Tarbela Dam affectees, by project authorities and contractors. The minister stresses that local people who have suffered a lot due to land acquisition for construction of dam in 1960s and 1970s should be given preference in jobs as per policy. Further, the minister directed the relevant authorities to facilitate the local residents in their mobility in the project areas and provide alternate access routes.

On the request of local community, the minister also proposed to upgrade the Vocational Institute, Tarbela Ghazi as Technical College. Furthermore, the minister also discussed the proposal to start community development schemes under corporate social responsibility by relevant authorities.—PR

Copyright Business Recorder, 2021

We love hearing your feedback, please help us improve by answering these few survey questions

Comments

Comments are closed.