ISLAMABAD: Prime Minister Nawaz Sharif has approved the financing plan for Diamer-Basha Dam which was presented by the Secretary Water and Power, today (Monday).
According to Radio Pakistan’s transmission, the proposed plan, on self reliance basis, will fund the Dam’s portion of the project from PSDP allocations and WAPDA generated resources.
Allocated portion of the dam will be independent from the rest of the financing for the power generation portion, which will be arranged on commercial basis by the ministry either through WAPDA or through leasing its existing projects.
PM Nawaz has directed the water and power, planning and finance secretaries to expedite completion of financial proposal.He asked the water and power secretary to commence the preparations so that physical work on the dam gets started before the end of year 2017.
He asked the water and power secretary to commence the preparations so that physical work on the dam gets started before the end of year 2017.
Diamer-Basha Dam holds a potential to overcome 8.1 MAF of gross storage, of which 6.4 MAF will be live storage with a capacity to produce 4,500MW of cheap and clean energy.
