AIRLINK 71.69 Decreased By ▼ -2.41 (-3.25%)
BOP 5.00 No Change ▼ 0.00 (0%)
CNERGY 4.39 Increased By ▲ 0.05 (1.15%)
DFML 28.55 Decreased By ▼ -0.99 (-3.35%)
DGKC 82.40 Decreased By ▼ -1.15 (-1.38%)
FCCL 21.95 Decreased By ▼ -0.48 (-2.14%)
FFBL 34.15 Decreased By ▼ -0.75 (-2.15%)
FFL 10.08 Increased By ▲ 0.21 (2.13%)
GGL 10.12 Increased By ▲ 0.12 (1.2%)
HBL 113.00 Increased By ▲ 1.00 (0.89%)
HUBC 140.50 Increased By ▲ 2.81 (2.04%)
HUMNL 8.03 Increased By ▲ 1.05 (15.04%)
KEL 4.38 Decreased By ▼ -0.02 (-0.45%)
KOSM 4.50 Decreased By ▼ -0.09 (-1.96%)
MLCF 38.01 Decreased By ▼ -0.54 (-1.4%)
OGDC 134.69 Decreased By ▼ -1.91 (-1.4%)
PAEL 26.62 Increased By ▲ 1.48 (5.89%)
PIAA 25.40 Decreased By ▼ -1.11 (-4.19%)
PIBTL 6.55 Decreased By ▼ -0.10 (-1.5%)
PPL 121.95 Decreased By ▼ -3.45 (-2.75%)
PRL 27.73 Decreased By ▼ -0.48 (-1.7%)
PTC 13.80 Decreased By ▼ -0.50 (-3.5%)
SEARL 54.89 Increased By ▲ 0.29 (0.53%)
SNGP 69.70 Decreased By ▼ -1.50 (-2.11%)
SSGC 10.40 Decreased By ▼ -0.10 (-0.95%)
TELE 8.50 Decreased By ▼ -0.02 (-0.23%)
TPLP 10.95 Increased By ▲ 0.01 (0.09%)
TRG 60.90 Increased By ▲ 0.20 (0.33%)
UNITY 25.22 Decreased By ▼ -0.11 (-0.43%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
BR100 7,638 Decreased By -26.7 (-0.35%)
BR30 24,972 Decreased By -54 (-0.22%)
KSE100 72,761 Decreased By -3 (-0%)
KSE30 23,625 Decreased By -150.3 (-0.63%)
Business & Finance

USAID, WAPDA sign $78mn Implementation Letter for Mangla Refurbishment

LAHORE: Pakistan Water and Power Development Authority (WAPDA) and United States Agency for International Developmen
Published December 12, 2018

LAHORE: Pakistan Water and Power Development Authority (WAPDA) and United States Agency for International Development (USAID) Wednesday signed Project Implementation Letter (PIL)-2 worth US$ 78 million for Mangla Refurbishment Project.

The USAID grant will be spent to undertake various works of Package V, VI, VIII and IX of the project. The PIL-1 of US $ 72 million for Mangla Refurbishment Project had already signed between USAID and WAPDA in 2014. WAPDA Chairman Lt Gen Muzammil Hussain (R) and USAID Mission Leader Jerry Bisson signed the letter.

WAPDA Member (Power) was also present, according to WAPDA spokesman here.

In view of the aging factor of the generating equipment and availability of additional water due to the raised Mangla Dam, WAPDA is implementing Mangla Refurbishment Project with an approved PC-I cost of Rs. 52.224 billion. USAID is providing US $ 150 million as grant and AFD is providing Euro 90 million as loan for the purpose, while rest of the amount is being arranged by WAPDA through loans and from its own resources.

Mangla Refurbishment Project, on its completion, would enhance generation capacity of the existing Mangla Hydel Power Station from 1000 megawatt (MW) to 1310 MW, thus registering an increase of 310 MW.

The refurbishment works have been divided into 11 different packages, which will be implemented in various phases. The generating units will be refurbished by closing down one tunnel (two generating units) at a time. Refurbishment of the first two units will be completed in year 2019, while refurbishment of all 10 generating units is likely to be accomplished by year 2024.

It may be mentioned that WAPDA has been implementing a two-pronged strategy for optimal utilization of hydropower resources. Under the strategy, WAPDA has not only initiated new hydropower projects but has also been rehabilitating and upgrading its existing hydel power stations to maximize the ratio of environment friendly and low-cost hydel electricity in the National Grid, he concluded.

Copyright APP (Associated Press of Pakistan), 2018

Comments

Comments are closed.