China to provide $448 million for 969MW Neelum-Jhelum project
20 June, 2012
ISLAMABAD: China EXIM Bank will provide $448 million to help complete strategically important 969 megawatts (MW) Neelum-Jhelum Hydropower Project (NJHP).
Central Development Working Party has also approved revised PC-I of the project amounting to Rs 274.882 billion.
Chairman Pakistan Water and Power Development Authority (WAPDA), Shakil Durrani chaired the meeting, which reviewed progress on the project, being constructed on Neelum River in Azad Jammu and Kashmir (AJK).
NJHP CEO said assembling of the two German-manufactured sate-of-the-art tunnel boring machines (TBMs) at site was in progress.
The first TBM is expected to be operational in August, while the second one in September 2012. The use of TBMs will enhance the progress, thereby reducing construction period of the project by 18 months, resulting in an estimated benefit of Rs. 60 billion, he added.
The meeting was told the construction work at all sites including main dam, de-sander, tunnels, and underground powerhouse and transformers hall was in full swing. About 23 kilometers main and access tunnels have so far been excavated. The overall progress on the project stands at 35 percent, the meeting was informed.
WAPDA chairman said NJHP was a vital project in view of the ever- increasing needs of electricity in the country.
NJHP is being executed on priority to induct low-cost hydel electricity in the national grid and to establish priority water rights over the Neelum and Jhelum rivers, as India is also constructing Kishan Ganga Project upstream of NJHP. The project will be completed in 2016.
On completion, the project will contribute about 5.15 billion units of low-cost electricity per annum to the national grid. Annual benefits of the project have been calculated about Rs 45 billion, while the project will pay back its cost in about seven years.
http://paktribune.com/business/news...ion-for-969MW-Neelum-Jhelum-project-9955.html
20 June, 2012
ISLAMABAD: China EXIM Bank will provide $448 million to help complete strategically important 969 megawatts (MW) Neelum-Jhelum Hydropower Project (NJHP).
Central Development Working Party has also approved revised PC-I of the project amounting to Rs 274.882 billion.
Chairman Pakistan Water and Power Development Authority (WAPDA), Shakil Durrani chaired the meeting, which reviewed progress on the project, being constructed on Neelum River in Azad Jammu and Kashmir (AJK).
NJHP CEO said assembling of the two German-manufactured sate-of-the-art tunnel boring machines (TBMs) at site was in progress.
The first TBM is expected to be operational in August, while the second one in September 2012. The use of TBMs will enhance the progress, thereby reducing construction period of the project by 18 months, resulting in an estimated benefit of Rs. 60 billion, he added.
The meeting was told the construction work at all sites including main dam, de-sander, tunnels, and underground powerhouse and transformers hall was in full swing. About 23 kilometers main and access tunnels have so far been excavated. The overall progress on the project stands at 35 percent, the meeting was informed.
WAPDA chairman said NJHP was a vital project in view of the ever- increasing needs of electricity in the country.
NJHP is being executed on priority to induct low-cost hydel electricity in the national grid and to establish priority water rights over the Neelum and Jhelum rivers, as India is also constructing Kishan Ganga Project upstream of NJHP. The project will be completed in 2016.
On completion, the project will contribute about 5.15 billion units of low-cost electricity per annum to the national grid. Annual benefits of the project have been calculated about Rs 45 billion, while the project will pay back its cost in about seven years.
http://paktribune.com/business/news...ion-for-969MW-Neelum-Jhelum-project-9955.html
