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  1. #21
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    Re: Diamer Bhasha Dam: Govt seeks ADB financing to kick-start project, again

    Quote Originally Posted by Felix View Post
    We are paying for the incompetence of those that we have elected to look after us
    More like we are paying so their grave will be full off $$

    Pata nai itna loot kay kiya kerna hai...kabar mein daal na hai?!

  2. #22
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    Re: Diamer Bhasha Dam: Govt seeks ADB financing to kick-start project, again

    But we will need the good offices and approval of the god forsaken Amriki -- but if the Amriki agree, then it may be an evil plan to rob us of our righteous disapproval of the amriki - what's a well meaning Muzloum to do?

  3. #23
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    Construction of Diamer Bhasha Dam

    Int’l consortiums submit proposals for consultancy


    LAHORE: Three world-renowned consortiums submitted their proposals to the Water and Power Development Authority (WAPDA) for consultancy services for main works of the 4,500 megawatts (MW) Diamer Bhasha Dam Project.


    The pre-qualified consortiums led by AECOM of the United States of America, Mott Mac Donald Limited of the United Kingdom and Lahmeyer of Germany put forward their proposals for construction supervision and contract administration.

    Construction of Diamer Bhasha Dam is the top priority of the present government. The proposals for consultancy services mark a step forward for construction of the project. It may be pertinent to add here that after assuming office, Prime Minister Nawaz Sharif has taken keen and personal interest in accelerating the pace of work on Daimer Bhasha Dam Project, which reflects his commitment to harness water and hydropower resources for development of the agro-based economy and generation of low-cost hydel electricity to provide relief to the common man. It is foresight of the prime minister and his government to mitigate future scarcity of water and electricity in the country.

    In view of its immense significance for water storage, flood mitigation and electricity generation, the government through Ministry of Water and Power and WAPDA is implementing Diamer Bhasha Dam as a priority project. The commitment of present government vis-à-vis construction of Diamer Bhasha Dam Project can be gauged from the fact that it has allocated Rs 25 billion in the current fiscal year for the core project. On one hand, the government has expedited the process to start work on the main project, while on the other hand it is also actively in contact with the friendly countries and international financial institutions for arrangement of funds for construction of the multi-billion dollar project.

    Diamer Bhasha Dam Project is a multi-purpose project aimed at storing water for agriculture, mitigating floods and generating low cost hydel electricity. On completion, the project will store 8.1 million acre-feet of water and generate 4,500 MW electricity, contributing about 20 billion units of low-cost hydel electricity annually to the national grid.

    For construction of Diamer Bhasha Dam, acquisition of land, development of infrastructure in the project area and implementation of social action plan are continuing simultaneously through the funds provided by the government of Pakistan. The acquisition of land is in progress through the governments of Gilgit-Balitistan and Khyber Pakhtunkhwa. The work on 13 contracts for construction of WAPDA offices, colonies, contractors’ camps, roads, and other infrastructure in the project area is progressing satisfactorily. Special emphasisis being laid on resettlement action plan, prepared in accordance with international safeguard policies and guidelines. This plan includes construction of model villages for the affectees and other steps leading towards socio-economic uplift of the local populace. In addition, special arrangements are also being made to preserve pre-historic rock carvings and local cultural heritage with the help of international experts.

    http://dailytimes.com.pk/default.asp...10-2013_pg5_10
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  4. #24
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    Re: Construction of Diamer Bhasha Dam

    DIAMER BASHA DAM PROJECT


    THE PROJECT

    The project is located on Indus River, about 315 km upstream of Tarbela Dam, 180 km downstream of the Gilgit-Baltistan capital Gilgit city and 40 km downstream of Chilas city (refer location map). The proposed RCC dam would have a maximum height of 272 m, and impound a reservoir of about 8.1million acre feet (MAF), with live storage of 6.4 MAF. Mean annual discharge of Indus River at the site is 1977 cumecs. The dam will impound 15% of the annual river flow. The project would cover an area of 110 km2 and the reservoir would extend 100 km upstream of the dam site upto Raikot Bridge on Karakoram Highway (KKH).


    NEED OF THE PROJECT
    Agriculture is the backbone of Pakistan’s economy. Pakistan today is among one of the World’s fastest growing population, now estimated as over 150 million. Due to lack of large river regulation capability through sizeable storages, the country is already facing serious shortages in food grains. Given the present trend, Pakistan could soon become one of the food deficit countries in the near future. Therefore, there is a dire need to build storages for augmenting agriculture production.
    Tarbela, Mangla and Chashma reservoirs have already lost about 5.3 MAF due to sedimentation. It is estimated that by year 2016, this loss would increase to 6.6 MAF, almost equal to the original combined capacity of Mangla and Chashma reservoirs. Due to state of stalemate in the development of additional sizable multi-purpose storage projects in the system after commissioning of Tarbela Dam in 1976, sustainability of existing irrigated agriculture of Pakistan is in serious jeopardy. In addition the present demand of electricity in country is above 17,000 MW, which is estimated to cross 30,000 MW by the year 2017. A large-scale injection of dependable, cheap and renewable energy thus becomes inevitable. The Hydropower projects will provide the dependable power/energy at affordable price. Contribution of 4500 MW power from Diamer Basha Dam will go a long way in alleviating this situation.

    Main Features
    Main Dam
    Maximum Height 272 m
    Type: Roller Compacted Concrete (RCC)
    
    Diversion System
    2 No. Diversion Tunnels (right side)
    1 No. Diversion Channel (right side)
    Upstream and Downstream Cofferdams
    
    Main Spillway
    No. of gates: 14
    Size of gate: 11.5 x 16.24 m

    Reservoir
    Full Supply Level: 1160 masl
    Crest Elevation Level: 1170 masl
    Gross Storage: 8.1 MAF (10.0 BCM)
    Live Storage: 6.4 MAF (7.9 BCM)
    Min. operating level: 1060 masl

    Outlets In Dam Body
    Low level: 2
    Flushing: 5

    Power House(s): 2
    Total Installed Capacity: 4500 MW
    Location and Type: Underground, one each on right and left side
    No. of Units: 12 each of 375 MW
    Average Generation: 19208 Gwh/year

    (Diamer Basha = 18097 Gwh/year)
    (Tarbela = 1111 Gwh/year)

    ESTIMATED COST: US$ 11.178 Billion (As per approved PC-I 2009)
    UPDATED COST: US$ 13.684 Billion (Updated July 2012)

    CONCERNED AUTHORITIES
     Sponsoring Government of Pakistan
     Execution Water & Power Development Authority (WAPDA)
     Operation & Maintenance Water & Power Development Authority (WAPDA)
     Concerned Federal Ministry Ministry of Water & Power, GoP

    PROJECT BENEFITS
    − Availability of about 6.4 MAF annual surface water live storage worth US $0.63 billion
    − Harnessing of renewable source of clean and cheap energy through installed
    capacity of 4500 MW generating revenue of US$ 2.216 billion per annum.
    − Extending life of Tarbela reservoir by 35 years by blocking the sediments upstream.
    − Additional Annual Generation at Tarbela 1111 GWh worth US$ 118.3 million
    − Saving in foreign exchange of equivalent electricity generated on imported oil worth US$ 2.85 billion
    − Carbon Credit Benefits costing US$ 0.300 billion
    − Employment opportunities, particularly to the locals during the construction and subsequently in agriculture, industry and the commercial sectors.
    − The project will pay back its cost in 8 years

    ENVIRONMENT AND CULTURAL HERITAGE IMPACT ASSESSMENT
     No. of villages affected 32
     No. of households / families affected 4228
     Population affected 30,350
     Agricultural land submerged 2660 acres
     Length of KKH submerged 100 km
     Length of KKH relocated 140 km
     Prehistoric rock carvings 33000 Nos.
     Infrastructure Electricity Lines, Roads etc.
     Total land to be acquired 37,419 Acres
    (Private Land = 18,357 Acres)
    (Govt. Land = 19,062 Acres)

    RESETTLEMENT ACTION PLAN
    Resettlement and Environment management plans have been prepared on the international norms as per ADB Safeguard Policy Statement June-2009.
    
    Three (3) Composite Model Villages with all the amenities shall be developed for resettlement of 4228 affected households / families. Each affected households / families shall be given a residential plot of one kanal free of cost.
    
    Infrastructure development works like Right Bank Periphery Road and Integrated Area Development Plan will be implemented for
    sharing of benefits among the indirect affectees of the project.
    
    Selected important rock carvings shall be displayed in a museum in Chilas others shall be preserved in situ.

    MAIN PROJECT IMPLEMENTATION
    Implementation / construction activities of main project which were scheduled to
    commence in 2012-2013 and completion is envisaged in 2022-2023 but could not be
    commenced due to non arrangement of funds from donor agencies. Implementation of
    the main project has been divided in 5 Lots as discussed below:-

    Description
    LOT-1: Concrete Dam and Related Structures including Diversion Tunnels and Permanent Access Bridge.
    (Local Rs.87680 + Foreign Rs.58480 = Total Rs.146160 million)

    LOT-2: Underground Power House Works and Related Structures (Left and Right Banks) (Local Rs.40960 + Foreign Rs.13840 = Total Rs.54800 million)

    LOT-3: Hydro-Mechanical Equipment and Hydraulic Steel Structures (Local Rs.3360 + Foreign Rs.30400 = Total Rs.33760 million)

    LOT-4: Power Plant Generation Equipment (Left and Right Bank) (Local Rs.8240 + Foreign Rs.74160 = Total Rs.82400 million)

    LOT-5: Electrical High Voltage Equipment and Power Plant Electrical Equipment (Left and Right Bank) (Local Rs.8720 + Foreign Rs.76320 = Total Rs.85040 million)

    GOP’S APPROVALS
    PC-I of Diamer Basha Dam Project amounting to Rs. 894257 million with F.E.C of Rs. 312943 million was approved by ECNEC on August 20, 2009.
    
    Diamer Basha Dam Project was approved unanimously by Council of Common Interests
    (CCI) on 18.07.2010 for National Consensus.

    LAND ACQUISITION
    Land Acquisition process started in 2010 and will be completed with in three years. GoP has allocated Rs.17.00 billion for acquisition
    of land & resettlement during the current year 2013-14.
    
    Total Land to be acquired = 37,419 Acres

    Private Land being purchased = 18,357 Acres

    Govt. Land to be transferred free of cost = 19,062 Acres

    Land Acquired (Upto June 2012) = 1,945 Acres

    GBA 1,783 Acres

    KPK 162 Acres

    Govt. Land Transferred to DBDP = 4602.65 Acres

    Funds to the tune of Rs. 6563.000 million have been released for payment of Compensation to affectees in Gilgit-Baltistan against the ADP allocations made upto 2012-13. Acquisition of remaining private land is actively under consideration of GBA.

    Rs.262.000 million has been released to D.C. Kohistan for land acquisition of Khyber Pakhtunkhwa area for Contractor’s Camp.

    One Window Compensation Cell has been established by Deputy Commissioner, Diamer.

    PROJECT COLONY AT THOR VALLEY

    Project Colony and offices in Thor Valley, Chilas, Distt. Diamer are being constructed through 16 contract packages. 12 contracts have been awarded. Work at site is in progress.

    CONSTRUCTION OF COMPOSITE MODEL VILLAGES
    Three (3) Composite Model Villages at Thak Das, Harpan Das and Kino Das with all theamenities shall be developed for resettlement of 4228 affected households / families. Each affected households / families shall be given a residential plot of one kanal free of cost. The construction work of Composite Model Village–II (Harpan Das) is planned through 6 contract packages. 2 contracts have been awarded, other contracts are in pipeline.

    CONSTRUCTION OF BYPASS FROM SHATIAL TO THOR NULLAH TO EXISTING KKH (35
    KM) BY NHA AS WAPDA’S DEPOSIT WORK

    During Construction of Main Dam the existing KKH is to be used for construction activities while the Bypass on KKH from Shatial to Thor Nullah being constructed by NHA as WAPDA deposit work will be utilized for uninterrupted traffic flow. Contract has been awarded and work is in progress at site

    CONSTRUCTION OF PERMANENT ACCESS BRIDGE OVER INDUS RIVER DOWNSTREAM
    OF DIAMER BASHA DAM PROJECT

    Permanent Access Bridge over Indus River downstream of Main Dam shall beconstructed for contractor movement from Left Bank to Right Bank of River Indus.
    Selection of Consultants for Procurement of Consultancy Services for Design, Construction Supervision and Contract Administration of Permanent Access Bridge is under process.

    CONSULTANCY SERVICES FOR CORE PROJECT ACTIVITIES
    WAPDA has started the process for Procurement of Consultancy services for Construction Design, Construction Supervision and Contract Administration of Diamer Basha Dam Project. EOI issued, three joint ventures pre-qualified and RFP has been issued.

    FINANCING ARRANGEMENTS / FUNDING STATUS
    Acquisition of land and construction of infrastructure are being implemented through funds by GoP. ADB has shown interest in financing the project. Response from USAID, ADB and other donor agencies is also encouraging. GoP has requested FoDP for financing of the project and their participation is also expected.
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  5. #25
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    Re: Construction of Diamer Bhasha Dam

    PROJECT LAYOUT











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    Re: Construction of Diamer Bhasha Dam













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  7. #27
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    Re: Construction of Diamer Bhasha Dam

    Great work Sir. Very informative.

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    Re: Construction of Diamer Bhasha Dam

    Sir ji Superb job

  9. #29
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    Progress made on Diamer Bhasha project

    LAHORE: Water and Power Development Authority (Wapda) Chairman Syed Raghib Abbas Shah visited the Diamer Bhasha Dam project site. He was accompanied by senior officials of WAPDA and project specialists.

    The Diamer Bhasha Dam had been temporarily relegated by the Pakistani authorities because of financial issues. On this occasion Wapda chairman revealed that the organisation has paid Rs5.5 billion to the Gilgit-Baltistan government to acquire the land.

    Speaking at the event, Shah said that because of the keen interest taken by the prime minister and the efforts put in by the Ministry of Water and Power and Wapda around 17,000 acres of land had been transferred by the government of Gilgit-Baltistan to Wapda for the Diamer Bhasha Dam project.



    Terming it a significant milestone for the implementation of the project, Shah thanked the Ministry of Kashmir Affairs and Gilgit-Baltistan (KAGB) for transferring the state-owned land to Wapda.

    Shah added that the government views the Diamer Bhasha Dam project as a high priority project and it is looking forward to implementing the project through Wapda.

    Shah appreciated that work for the resettlement of the affected people at Harpen Das model village had been started. Furthermore, he expressed satisfaction at the speed of the construction work at Wapda offices, residential facilities, roads and other infrastructure at Thor and Shatial bypass.

    For Diamer Bhasha Dam project, acquisition of land, development of infrastructure in the project area and implementation of resettlement as well as social action plan are simultaneously underway through the funds provided by the federal government. The process of selection of consultants for the project is in the final stages following the submission of proposals by three internationally-renowned consortiums.

    http://tribune.com.pk/story/628163/n...hasha-project/

  10. #30
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    Energy crisis: US govt commits over $20 million Diamer-Bhasha dam

    ISLAMABAD: The United States government has so far committed $20.56 million for construction of the Diamer-Bhasha dam, according to a US embassy official. Out of this amount, $560,000 is for three additional feasibility studies for the dam, the official said.

    He also said that as part of its ongoing programmes in Pakistan, the United States government will spend $14 million on the installation of smart meters for gauging electricity use at substations and countering the problem of power theft. The Bhasha dam project has been revived by the current government. The Water and Power Development Authority (WAPDA) Chairman Syed Raghib Abbas Shah recently announced that the Gilgit-Baltistan government had transferred 1,700 acres of land to WAPDA for the project, and further work was underway.

    http://tribune.com.pk/story/637306/e...er-bhasha-dam/

  11. #31
    Senior Member Wattan's Avatar
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    Re: Energy crisis: US govt commits over $20 million Diamer-Bhasha dam

    and we continue hating the USA? I know there is no free lunches but this still has to respected

  12. #32
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    Pakistan pleads ADB to fund Diamer-Bhasha Dam

    Finance Minister Ishaq Dar on Tuesday asked the Asian Development Bank to assist Pakistan in the construction of Diamer-Bhasha Dam to help the country resolve its energy crisis which, he said, is the priority of the incumbent regime.

    This he urged during a meeting with Asian Development Bank President Takehiko Nakao. Ishaq Dar said the World Bank was going to hold a Business Opportunity Conference in Washington on 8th of next month “and we would discuss Diamer-Bhasha Dam Project in the conference”. “Pakistan also wants to proceed with the projects of TAPI and CASA 1000 for fulfilling the energy needs of the country in near future,” Ishaq Dar said, adding, “Pakistan has a vast potential, it could turn itself into a success story in Asia.”

    Asian Development Bank (ADB) President Takehiko Nakao said, “We also support TAPI which is an important project for Pakistan.” He said Diamer-Bhasha is also an important project for managing water resources in Pakistan “and we would help to the extent possible”. “As far as the rehabilitation of IDPs is concerned we would gladly extend our expertise for the reconstruction work,” the ADB president remarked. Nakao said that though the bank could lend only $1 billion to any country for the development projects, yet they would continue supporting Pakistan in projects like renewable energy, Jamshoro and projects of regional connectivity.

    “We would like Pakistan to mobilise its domestic resources for development,” he stressed while adding that Pakistan has a vast potential. Briefing the ADB president on the economic condition of the country, the finance minister said, “We have been following a pro-development macro-economic agenda and improvements can be seen in revenue collection (16.44%), decrease in budget deficit (5.7%), growth in foreign remittances (13.7%), growth in large scale manufacturing (4.2%) and the increase in the disbursement of agricultural credit (15.91%). Our government has also increased the spending on the social safety net; the allocation has increased from a mere Rs 40 billion to Rs 118 billion in the last fourteen months of our tenure. We ensured that no cuts were made in the Public Sector Development program allocations.”

    The minister said that Pakistan could have added $2.4 billion to its foreign exchange reserves “but recent political situation had delayed three of our important transactions; issue of Sukuk, divestment of OGDCL shares and IMF next release, but we would solve the issue amicably as we had already constituted a committee on electoral reforms”. Dar said that “we would need the support of the ADB on Diamer-Bhasha Dam because solving the energy crisis is the priority of our government. World Bank is going to hold a Business Opportunity Conference in Washington on October 8 and we are going to discuss Diamer-Bhasha Dam Project in the conference because it has vital importance for generating energy as well as water conservation. We also want to proceed with the projects of TAPI and CASA 1000 for fulfilling the energy needs of the country in near future.”

    National Disaster Management Authority (NDMA) Chairman Major General M Saeed Aleem gave a brief presentation to the ADB president on the recent flood damages in Punjab, Azad Jammu and Kashmir and Gilgit-Baltistan. The meeting was attended by State Bank of Pakistan governor, petroleum and natural resources secretary, national food security and research secretary, finance secretary, water and power secretary, planning secretary, communication secretary, Economic Affairs Division secretary, WAPDA chairman, Federal Board of Revenue chairman, National Highway Authority chairman. From the Asian Development Bank side Naoya Jinda, Chief Adviser to the ADB President Klaus Gerhaeusser, Director General, Central West Asia Department, ADB, Werner Liepach, Country Director, ADB Pakistan Resident Mission, Saad Paracha, Country Programs Officer, ADB Pakistan Resident Mission participated.

    The ADB president also met Preisdent Mamnoon Hussain. Talking to Nakao, the president said the support of development partners could assist in achieving the economic uplift of masses. He appreciated the working relationship between Pakistan and ADB spanning over decades and support of the bank for development of various sectors, including education, health, water resources, energy and communications. Highlighting the commitment of present government, the president stated that the government of Pakistan is determined to improve the living standard of the people of Pakistan by focusing on economic restructuring and revival.

    http://www.dailytimes.com.pk/islamab...mer-bhasha-dam

  13. #33
    Senior Member Neo's Avatar
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    Re: Diamer Bhasha Dam updates

    ADB to support Bhasha dam project
    By Khaleeq Kiani


    ISLAMABAD: The Asian Development Bank (ADB) has said that despite its limited financing capacity it would support the Diamer-Bhasha dam to ‘the extent possible’.

    This was a diplomatic message the Asian Development Bank President Takehiko Nakao conveyed to Pakistan during his meeting with Pre*si*dent Mamoon Hussain and Finance Minister Ishaq Dar on Tuesday.

    The ADB was earlier expec*ted to be the lead financier and consortium leader of the $14 billion Diamer-Bhasha dam project. Wapda’s former chairman Shakil Durrani had told a parliamentary committee about two years ago that the ADB “on at least three occasions has committed to providing up to $4bn”.

    The Diamer-Bhasha is an important project for managing water resources in Pakistan and ADB assured of all help.
    The matter was taken up during a meeting with the ADB chief by Finance Minister Ishaq Dar who sought support for the country’s top priority project.

    “We will need the support of the ADB on the Diamer-Bhasha dam because solving the energy crisis is the top priority of our government,” Mr Dar was quoted in an official statement as telling the visiting ADB chief.

    Mr Dar said the World Bank would hold a Business Opportunity Conference in Washington on October 8 and government representatives would discuss the project there.

    Mr Nakao said that although the ADB could lend only $1bn to a country for a development project, it would continue supporting Pakistan in projects like renewable energy, Jamshoro coal-fired plant and plans of regional connectivity.

    He said his institution supported Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project which was important for Pakistan.

    “The Diamer-Bhasha is also an important project for managing water resources in Pakistan and we will help to the extent possible,” he told the finance minister.

    Also read: World marketing of Bhasha dam planned

    As far as the rehabilitation of Internally Displaced Persons is concerned, the ADB would gladly extend its expertise for the reconstruction work, he said.

    Dar said that Pakistan wanted to proceed with the TAPI and CASA 1,000 (Central Asia South Asia electricity import project) for meeting the country’s future energy needs.

    The minister said on the economic condition of the country, the government had been following a pro-development macro-economic agenda and improvements could be seen in 16.44 per cent growth in revenue collection, decrease in budget deficit to 5.7pc of GDP, 13.7pc growth in foreign remittances, 4.2pc improvement in large-scale manufacturing output and a 16pc increase in the disbursement of agricultural credit.

    The ADB chief was informed that the government had also increased the allocation for social safety net from a mere Rs40bn to Rs118bn over the past 14 months.

    He said the government could have added $2.4bn to foreign exchange reserves but recent political situation had delayed three important transactions; the issue of Sukuk, divestment of the OGDCL shares and IMF’s next release but he hoped to resolve the issue amicably because a committee had already been constituted on electoral reforms.

    The ADB delegation was also briefed on the damage cause by flood in Punjab, AJK and Gilgit Baltistan.

    Mr Nakao said the ADB would like to assist in the rehabilitation process for flood-affected persons.


    http://www.dawn.com/news/1132404/adb...ha-dam-project
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  14. #34
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    Marketing Diamer-Bhasha dam

    THIS Wednesday, Pakistan will be marketing its largest-ever project — the Diamer-Bhasha dam — for private sector financing in a dedicated ‘Business Opportunity Conference’ being organised by USAID in Washington. It would be a ‘Sell Pakistan’ initiative, offering a great business opportunity to global investors.

    The actual fund-raising would follow some time later based on feedback from international private and institutional lenders. It will also be the first-ever attempt by Islamabad to offer a major infrastructure project (worth $14bn) to international investors on a commercial basis, unlike past practice of raising funds for such projects from institutional lenders.

    Finance Minister Ishaq Dar and Water and Power Minister Khawaja Muhammad Asif would lead the marketing team, comprising officials from Wapda, economic affairs division and the finance ministry. The group would also attend the annual meetings of the World Bank and the Asian Development Bank, and on the sidelines try to salvage the $6.8bn IMF package, which has been in limbo since the political sit-ins started in Islamabad.

    “It will be a marketing event for the project to raise funds,” Wapda Chairman Zafar Mehmood told Dawn. Based on its feedback, Wapda would take a summary to the Economic Coordination Committee (ECC) of the Cabinet with a comprehensive policy for mega hydropower projects, he said. The project was approved by the Council of Common Interests in July 2010.

    A plan to set up the Diamer-Bhasha Dam Project Company, by transferring the cost of land of the dam and the operating assets of the Ghazi-Barotha hydropower station, has been approved by the prime minister
    Mr Mahmood said Pakistan would market Wapda’s strengths and the Bhasha dam project and its importance for the country given its 8.1m acre feet water storage and 4,500MW power generation capabilities. It would seek international support for the strategic project that was selected with consensus after having waited for 30 years, after Mangla and Tarbela dams.

    It will deliver 18bn units and generate $2.216bn in revenue per annum, repaying its cost in just eight years, according to Mr Mehmood. It will also enhance the life of Tarbela dam by at least 35 years; the 30,000 affected people will be settled in three model villages.

    The proposed new policy for mega hydropower projects would be given final touches when the high-level delegation returns from Washington. More projects are to be sequenced after Diamer-Bhasha with 20-25pc financing to be arranged by the government for acquisition of land and providing an enabling environment. The remaining 75-80pc project financing will be raised through the private sector.

    To make the project cost-effective and attractive to investors, the government would ensure exemptions in duties and taxes during the construction phase and provide a complete income tax holiday for the first five years of operation. The project offers about 17pc return on equity through an estimated levelised 30-year tariff for the private sector at 7.57 US cents per unit. This is cheaper when compared with per-unit tariffs of Rs8.76 per unit for coal, Rs13.20 for wind and Rs16.31 for solar.

    The plan is to formally offer the Diamer-Bhasha dam to investors for financing latest by June 2015, with the project completion deadline set for June 2024. This will be followed by the $11.5bn Bunji hydropower project in December 2015 for completion in December 2024. With a gap of six months, the $1.8bn Pattan hydropower project would be taken to the market for financing in June 2016, for completion in June 2022. The $8bn Thakot project will hit the market in June 2017, for completion in June 2023.

    A plan to set up the Diamer-Bhasha Dam Project Company, by transferring the cost of land of the dam and the operating assets of the Ghazi-Barotha hydropower station, has been approved by the prime minister. This would require formal approval by the ECC for the company’s registration with the SECP on the pattern of the Neelum-Jhelum Hydropower Co.
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  15. #35
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    Re: Marketing Diamer-Bhasha dam

    They will need a hell of a return to invest in Pakistan under the current circumstances

  16. #36
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    Re: Diamer Bhasha Dam updates

    If Government is serious then why can't it just start working on this important project. Report generation, presenting the views on international forums, forming committees, is this the way to solve this energy crisis?

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    Senior Member Neo's Avatar
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    Re: Diamer Bhasha Dam updates

    Quote Originally Posted by Ahsan Bin Tufail View Post
    If Government is serious then why can't it just start working on this important project. Report generation, presenting the views on international forums, forming committees, is this the way to solve this energy crisis?
    We don't have $14 billion.
    Great spirits have always found violent opposition from mediocre minds. - Albert Einstein

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    Member Ahsan Bin Tufail's Avatar
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    Re: Diamer Bhasha Dam updates

    Quote Originally Posted by Neo View Post
    We don't have $14 billion.
    I know. But drop drop makes an ocean. Whatever amount we have, if it's professionally and faithfully utilized, then the destiny of our coming generations can change.

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    Senior Member Neo's Avatar
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    Re: Diamer Bhasha Dam updates

    Quote Originally Posted by Ahsan Bin Tufail View Post
    I know. But drop drop makes an ocean. Whatever amount we have, if it's professionally and faithfully utilized, then the destiny of our coming generations can change.
    Those drops are flowing into the pockets of our corrupt leaders. It would be wise to let China build the damn. Good thing about China is that whatever priject they start, the full management including finances are controlled by them and there is little room for corruption. China grants us the policy of build and own with soft loans.
    Great spirits have always found violent opposition from mediocre minds. - Albert Einstein

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    Member Ahsan Bin Tufail's Avatar
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    Re: Diamer Bhasha Dam updates

    Quote Originally Posted by Neo View Post
    Those drops are flowing into the pockets of our corrupt leaders. It would be wise to let China build the damn. Good thing about China is that whatever priject they start, the full management including finances are controlled by them and there is little room for corruption. China grants us the policy of build and own with soft loans.
    Well, there is no doubt that we should uproot this corrupt political system. If China is making such an offer, then I think we should proceed ahead. China has built our Gwadar port, it's our trustable ally.
    The Following User Says Thank You to Ahsan Bin Tufail For This Useful Post: Neo


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