Official sources told APP that 67 per cent of the Detailed Design study of Mohmand (Munda) dam has already been completed.
They said that an amount of Rs.205 million was allocated with Rs.200 million as foreign component (AFD soft loan) in the fiscal year 2016-17.
The sources said that after the completion of detailed design study and preparation of PC-I and tender documents, project would be ready for construction and it would take 7 years for completion.
The Planning Commission has also decided to issue authorization letter to an Australian firm, SMEC, for carrying out detailed engineering design study (DEDS) of 840 MW Munda Dam.
The sources said that feasibility study of the project was completed in 2000 by a consortium led by Nippon Koei Inc., and financed by JICA, while contract for the detailed engineering design study (DEDS), was awarded to a consortium led by the Australian consultant SMEC, in June 2012.
Munda (Mohmand) Dam is a proposed multi-purpose concrete- faced rock-filled dam located on the Swat River approximately 37 km north of Peshawar and 5 km upstream of Munda Headworks in Mohmand Agency of Federally Administered Tribal Areas.
The dam will store 1.29 million acre feet (MAF) of water for irrigation, generate 840 megawatt (MW) of electricity, contributing about 2.4 billion units of electricity to the national grid every year.
The total benefits of the project have been estimated at Rs. 20.2 billion per annum.