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$795.8m worth 1410MW project: Wapda submitting PC-1 of Tarbela’s 5th Extension

byCustoms Today Report
26/03/2015
in Business
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LAHORE: The Water and Power Development Authority (Wapda) has decided to submit PC-I of 1410-MW Tarbela 5th Extension Hydropower Project worth $795.8 million to the Ministry of Water and Power which will seek its approval from the Planning Commission.

The decision was taken during a meeting, presided over by its Chairman Zafar Mahmood. The meeting was attended by the Member (Water) Muhammad Shoaib Iqbal, Member (Power) Badrul Munir Murtiza, Member (Finance) Anwar-ul-Haq and Secretary Wapda Syed Khalid Akhlaq Gilani.

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General Manager (Tarbela Dam Project) Iqbal Masood Siddiqui gave a detailed presentation on the PC-I of the project in the meeting. The Authority had a detailed discussion on the cost estimations quoted in the PC-I with a view to ensure that the cost is accurate and in accordance with the relevant parameters. It was noted that revision of PC-I of the projects results in escalation of the cost, and delays their scheduled-completion.

The Tarbela 5th Extension Hydropower Project is a part of the least-cost hydel power generation plan of the Federal Government, being executed by Wapda on priority. The project is like a low-hanging fruit, benefits of which may be accrued in a very short span of time as the project will be completed before the high-flows season of 2018.

The installed capacity of the existing 3478 MW-Tarbela Hydel Power Station will rise to 4888 MW after completion of the under-construction Tarbela 4th Extension and 6298 MW after completion of the Tarbela 5th Extension Hydropower Project.

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