AIRLINK 74.25 Decreased By ▼ -0.35 (-0.47%)
BOP 5.10 Decreased By ▼ -0.04 (-0.78%)
CNERGY 4.41 Decreased By ▼ -0.09 (-2%)
DFML 33.90 Increased By ▲ 0.90 (2.73%)
DGKC 88.39 Decreased By ▼ -0.51 (-0.57%)
FCCL 22.20 Decreased By ▼ -0.35 (-1.55%)
FFBL 32.31 Decreased By ▼ -0.39 (-1.19%)
FFL 9.71 Decreased By ▼ -0.13 (-1.32%)
GGL 10.77 Decreased By ▼ -0.11 (-1.01%)
HBL 115.75 Increased By ▲ 0.44 (0.38%)
HUBC 135.85 Decreased By ▼ -0.78 (-0.57%)
HUMNL 9.80 Decreased By ▼ -0.17 (-1.71%)
KEL 4.61 Decreased By ▼ -0.02 (-0.43%)
KOSM 4.74 Increased By ▲ 0.04 (0.85%)
MLCF 39.79 Increased By ▲ 0.09 (0.23%)
OGDC 138.49 Decreased By ▼ -0.47 (-0.34%)
PAEL 26.00 Decreased By ▼ -0.89 (-3.31%)
PIAA 26.31 Increased By ▲ 1.16 (4.61%)
PIBTL 6.69 Decreased By ▼ -0.15 (-2.19%)
PPL 122.95 Increased By ▲ 0.21 (0.17%)
PRL 26.73 Decreased By ▼ -0.28 (-1.04%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 59.39 Decreased By ▼ -0.08 (-0.13%)
SNGP 70.26 Decreased By ▼ -0.89 (-1.25%)
SSGC 10.40 Decreased By ▼ -0.04 (-0.38%)
TELE 8.59 Decreased By ▼ -0.06 (-0.69%)
TPLP 11.30 Decreased By ▼ -0.21 (-1.82%)
TRG 64.35 Decreased By ▼ -0.78 (-1.2%)
UNITY 26.13 Increased By ▲ 0.33 (1.28%)
WTL 1.40 Decreased By ▼ -0.01 (-0.71%)
BR100 7,797 Decreased By -21.7 (-0.28%)
BR30 25,440 Decreased By -137.1 (-0.54%)
KSE100 74,579 Decreased By -85.1 (-0.11%)
KSE30 24,050 Decreased By -22 (-0.09%)

Following the World Water Day celebrated last week, the Pakistan Water and Power Development Authority (WAPDA) took a giant leap forward for development of precious water resources in the country by awarding on Tuesday the delayed-for-decade contract for civil and electro-mechanical works of Mohmand Dam Project to a Joint Venture (JV) comprising the China Gezhouba Group of Companies (CGGC) of China as the lead firm and Descon of Pakistan as its partner. The final contract is worth Rs 183.523 billion, saving Rs. 18 billion from the approved PC-I.
The contract agreement signing ceremony was held here at WAPDA House where representatives of WAPDA and CGGC-DESCON JV signed the contract agreement on behalf of their organizations. WAPDA Chairman Lt Gen Muzammil Hussain (retd), WAPDA Member, senior officers, project authorities and high-ups of CGGC and DESCON were also present on the occasion.
It is worth mentioning here that WAPDA has been able to successfully realign Mohmand Dam Hydropower Project after a delay of decades, removing the legal, financial and technical snags.
Addressing the contract signing ceremony, the WAPDA Chairman said that Mohmand Dam Hydropower Project will phenomenally contribute towards water, food and energy security of Pakistan. He said the WAPDA is committed to completing the project as early as possible to cope with the ever increasing needs of water and electricity in the country. He expressed the hope that Mohmand Dam will go a long way in stabilizing the national economy besides alleviating poverty and ushering in an era of development in the project area.
Mohmand Dam Hydropower Project is historic and unique in nature being constructed on River Swat in Tribal District Mohmand of Khyber Pakhtunkhwa Province. The project is scheduled to be completed in five years and eight months. On completion, the project will store about 1.2 million acre feet (MAF) of water, generate 800 megawatt (MW) of low-cost hydel electricity and help mitigating floods in Peshawar, Charsadda and Nowshera. Besides supplementing 160,000 acres of existing land, about 16,700 acres of new land will also be irrigated because of Mohmand Dam. In addition, 300 million gallon water per day will also be provided to Peshawar for drinking purpose. Annual benefits of the project have been estimated at Rs. 51.6 billion.

Copyright Business Recorder, 2019

Comments

Comments are closed.