Valued at Rs. 442 billion, contract includes construction of main dam, diversion system, access bridge, and 21MW hydropower plant
The Government of Pakistan on Wednesday announced the contract to construct the Diamer-Bhasha Dam had been awarded to a joint venture of Power China and the Frontier Works Organization.
Covering the construction of the main dam, diversion system, access bridge, and 21MW hydropower plant in Tangir, the contract has been valued at Rs. 442 billion, said WAPDA Chairman Muzammil Hussain.
Addressing the signing ceremony, Hussain said the dam would prove very beneficial for the economic development and social uplift of the country. He said WAPDA was committed to completing the mega project in accordance with the stipulated time frame to meet Pakistan’s growing water and electricity requirements.
The WAPDA CEO said the Diamer-Bhasha project’s value was estimated at Rs. 1,406.5 billion, and was set to be completed in 2028. He said the dam would store 8.1 million acre-feet (MAF) of water and would be able to produce 4,500MW of electricity.
Earlier this week, the prime minister was informed about the progress on all the issues related to the construction of the dam, including resettlements and a roadmap for mobilisation of financial resources.
PM Khan said the top-most priority of the government was ensuring the water security of the country and the need for construction of dams to meet the agricultural and energy requirements of the country.
The prime minister has directed concerned ministries to utilize local material and expertise in the construction of the dam, as it would create job opportunities for local residents.
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