The projects after completion will bring the power prices down from Rs 14 to Rs 3 per unit, he said while talking to Pakistan Television.

Raghab Shah said that 13 new small hydro power projects, including Sadpara, Jinnah and Gomal Zam, would also be completed till 2013.

These projects will generate 400 MW electricity, besides helping the agriculture sector, he added.

He said that the Bunjee hydro project would produce 7000 MW and the Diamer hydro project 4000 MW electricity.

He said that the USAID, the Asian Development Bank, the International Development Bank and the United States would provide financial assistance for the mega projects.

Replying to a question, the WAPDA Chairman said that in the past regimes, functional activities of WAPDA were given to some other institutions.

He said that the WAPDA was presently only concentrating on hydro power generation projects, while PEPCO, HUBCO and CPPA were working to improve other areas of energy sector, like thermal and furnace sectors.

Replying to another question, he said there were two main reasons for energy shortage line losses and power pilferage. The PEPCO had the responsibility to check the losses.

To a question, he said that the WAPDA has made a plan to manage a flood disaster strategy for minimizing the losses.

He said that foreign companies and consultants were working on different power projects and they had been provided full security.

The Chairman said that Chinese, German and Korean companies were working on hydro power projects in the country.

He said that memorandum of understandings on hydro projects would be signed between the Khyber Pakhtunkhwa government and Korean companies soon. These projects will produce 1200 MW electricity, he added.