District: (Wapda undertaking mega projects to bring maximum electricity to national grid: Chairman)

March 30, 2016 Off By Web Desk

SIALKOT: Chairman Water and Power Development Authority (WAPDA) Zafar Mehmood has said that maximum power generation through using the available resources is the top priority of the government and WAPDA is undertaking several mega projects to bring the maximum electricity to the national grid in a bid to get the country rid of the prevailing energy crisis.

He said as many as 3000 megawatts “clean energy” would be entered into the national grid till the end of 2017, as this clean energy would be generated at Neelam Jhelum , Golan Goal and Tarbela- 4 power projects in the country by Wapda.

He stated this while talking to the newsmen at Sialkot Chamber of Commerce and Industry (SCCI) here on Thursday. He said Wapda is developing its own resources for ensuring the maximum power generation and completion of Bhasha Dam and Dasu Dam projects through its own resources as well, besides, removing all the hurdles from the smooth way of supply of maximum electricity to the national grid.

He said there would be an end of electricity load shedding across Pakistan in 2018. He said very high cost of establishment of Basha Dam is the main hurdle in the inordinate delay of start of the Basha Dam project, adding that this project will cost US$ 14 billion.

He said Wapda has planned to establish the structure of the Bhasha Dam though WAPDA’s own resources, saying that the rest of the project of Basha Dam (including the construction of all the other main parts of this project) would be handed over to the private sector, saying that WAPDA has offered the private sector to come and establish the Basha Dam project as well.

He asked the country’s private sector to come forward to join their hands with WAPDA in completion of this mega project of Bhasha Dam, as the WAPDA could not complete this mega project (costing US$ 14 billion) alone. Thus, the Wapda is intending to share this project with private sector as well, as the Wapda would only establish the structure of this project, while the rest project would be completed by the private sector.

He said Wapda would soon borrow US$ 1.4 billion in April 2016 from the market through the consortium of the banks led by the Habib Bank Limited (HBL), saying that the successful energy conservation and generation policies of the government are unlocking the potential of WAPDA, in this regard.

He said Wapda would also generate US $ 100 billion for the construction of Neelam Jhelum power project through a banking consortium led by the National Bank of Pakistan (NBP). He said that the first turbine of 242 megawatts of this project would start power generation in 2017, as this project would have total four power turbines there as well.

He said first phase of construction of US$ 800 million project of Dasu Dam would be completed in 2021.

Earlier, talking to the exporters at Sialkot Chamber of Commerce and Industry (SCCI), Chairman Wapda said that the high cost of energy production and frequent interruption of electricity supply were affecting the national exports, saying that government was making all out sincere efforts to give the maximum relief to the national industrial sector by reducing the duration of the electricity load shedding in the country during this summer season as well.

President Sialkot Chamber of Commerce and Industry (SCCI) Maj (r) Mansur Ahmed, VP Syed Ehtesham Gillani, Chairman Sialkot Dry Port Trust (SDPT) Khawar Anwar Khawaja, former SVP Mian Mohammad Anwar and Mian Mohsin Gull were also present on this occasion.