Tag: Dam

PM Approves \$17 Billion Power Sector Overhaul with 10-Year Roadmap

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Dasu-Dam

ISLAMABAD: Prime Minister Shehbaz Sharif has approved the Integrated Generation Capacity Expansion Plan (IGCEP) 2024–34, a transformative 10-year roadmap for Pakistan’s power sector aimed at cutting electricity costs, eliminating circular debt, and boosting transparency and efficiency. The newly approved plan targets \$17 billion in savings through the *rescheduling and cancellation of 7,967 MW of previously planned projects. Officials estimate a reduction in national economic burden by *Rs 474.3 billion and overall savings of Rs 2,790 billion (\$10 billion) through revised timelines. An additional Rs 1,953 billion (\$7 billion) is expected…

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Pakistan Seeks $3.5 Billion Financing from Saudi Arabia for Diamer-Bhasha Dam

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Bhasha-Dam

Pakistan has formally requested $3.5 billion in financing from the Kingdom of Saudi Arabia (KSA) for the Diamer-Bhasha Dam project during a recent high-powered delegation visit from KSA on April 15-16. A senior government official mentioned that KSA would respond after input from the financial adviser on the dam project. Both KSA and Wapda, Pakistan’s water and power development authority, will appoint financial advisers to conduct due diligence on the project’s business model. The total cost of the Diamer-Bhasha Dam is $8 billion, with a foreign component of $4 billion.…

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WAPDA to divert Swat River at Mohmand Dam Project in April

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Mohmand-Dam

Chairman Sajjad Ghani directs for deployment of additional resources to expedite work PESHAWAR: The Water and Power Development Authority (Wapda) is going to divert Swat river at the under-construction Mohmand Dam in April this year, as the diversion system of the project is steadily heading towards completion in accordance with the timelines. Wapda Chairman Engr Lt-Gen (retd) Sajjad Ghani on Tuesday visited the Mohmand Dam, being constructed over Swat river in Mohmand district of Khyber-Pakhtunkhwa and inspected the spillway, diversion tunnels and the power house at the construction sites. At…

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