Wapda Decides To Give Rs98 Billion For Diamer Bhasha and Mohmand Dams From Its Own Resources

[ghazi52]

Wapda Decides To Give Rs98 Billion For Diamer Bhasha and Mohmand Dams From Its Own Resources

ISLAMABAD: WAPDA has decided to provide Rs98 billion from its resources to build the Diamer Bhasha and Mohmand Dam.

According to News, WAPDA has prepared a plan to provide funds for the construction of Diamer Bhasha and Mohmand Dams, Bhasha Dam will cost about Rs1,500 billion, while the estimation of the cost of Mohmand Dam is 309 billion, for Dams WAPDA has decided to give Rs98 billion from its own resources.

According to WAPDA sources, the construction work on the Mohmand Dam is expected in early 2019, where the construction of Diamer Bhasha Dam will be started in the mid-2019, the Diamer Bhasha Dam will be complete in almost 9 years and the Mohmand Dam will be complete in almost 6 years.

WAPDA sources say that a special financial plan has been set up for the Diamer Bhasha Dam, the project will be constructed in two parts, the cost of the dam is required for the construction is around 300 billion rupees. For Dam Rs474 billion needed while approximately 751 billion rupees is required for the Power House needs.

According to the sources, funds for the Mohmand Dam will be administered in the form of a loan from Federal Government Annual Development Program, WAPDA Equity, Local and Foreign Banks and Financial Institutions, and this loan will be availed by WAPDA for its assets.

Sources said that there is no problem for the Diamer Bhasha and Mohmand Dams funds, the value of WAPDA’s assets is worth than 40 billion dollars, while the WAPDA sold 32 billion units of power central power agency last year Its value is more than Rs 65 billion

 

[war&peace]

Wow that's a huge sum

 

[Dubious]

From Its Own Resources

it has resources?

 

[Syed1.]

Just build the dam part first... the power part can be staggered over two decades or if and when our economy rises. Tarbela dam was built during Ayub era but we are still extending and adding to its power generation till this day. That is the right way to go about it.

 

[MBT 3000]

wapda? has it been fixed?

 

[The Accountant]

it has resources?

They means that they will raise the fund in the name of WAPDA by pledging WAPDS's exisiting assets ... So it will be like equity ...

 

[SunilM]

So a Dam is sought to be crowd funded.Billions are sought. Till date after lapse of many months Overseas Pakistani's deposit mere 1bn PRK i.e 7 million dollars and 60 Million is gathered from Local Pakistanis i.e by army, banks and other state institutions who deposit a day or two days salary of their employees ( so much for this being voluntary). Now, the Govt (wapda) deposits 98bn into the account so that collectively IK and CJ now dont feel embarrassed. This defeats the purpose of crowdfunding. The Govt should seriously pursue Dam funding rather than indulging in these shams.

 

[ALi Rizwan]

Just build the dam part first... the power part can be staggered over two decades or if and when our economy rises. Tarbela dam was built during Ayub era but we are still extending and adding to its power generation till this day. That is the right way to go about it.

The project will not be feasible without power generation.
As well for adding more turbine in Terbala don't forget that
1> Terbala Capacity has reduced
2> Our power demand is much higher then output

 

[The Accountant]

So a Dam is sought to be crowd funded.Billions are sought. Till date after lapse of many months Overseas Pakistani's deposit mere 1bn PRK i.e 7 million dollars and 60 Million is gathered from Local Pakistanis i.e by army, banks and other state institutions who deposit a day or two days salary of their employees ( so much for this being voluntary). Now, the Govt (wapda) deposits 98bn into the account so that collectively IK and CJ now dont feel embarrassed. This defeats the purpose of crowdfunding. The Govt should seriously pursue Dam funding rather than indulging in these shams.

Cant u stop poking into private matters of other nations ... what is between our Gov judiciary and our own people is none of your business so get lost

 

[Trango Towers]

Wapda Decides To Give Rs98 Billion For Diamer Bhasha and Mohmand Dams From Its Own Resources

ISLAMABAD: WAPDA has decided to provide Rs98 billion from its resources to build the Diamer Bhasha and Mohmand Dam.

According to News, WAPDA has prepared a plan to provide funds for the construction of Diamer Bhasha and Mohmand Dams, Bhasha Dam will cost about Rs1,500 billion, while the estimation of the cost of Mohmand Dam is 309 billion, for Dams WAPDA has decided to give Rs98 billion from its own resources.

According to WAPDA sources, the construction work on the Mohmand Dam is expected in early 2019, where the construction of Diamer Bhasha Dam will be started in the mid-2019, the Diamer Bhasha Dam will be complete in almost 9 years and the Mohmand Dam will be complete in almost 6 years.

WAPDA sources say that a special financial plan has been set up for the Diamer Bhasha Dam, the project will be constructed in two parts, the cost of the dam is required for the construction is around 300 billion rupees. For Dam Rs474 billion needed while approximately 751 billion rupees is required for the Power House needs.

According to the sources, funds for the Mohmand Dam will be administered in the form of a loan from Federal Government Annual Development Program, WAPDA Equity, Local and Foreign Banks and Financial Institutions, and this loan will be availed by WAPDA for its assets.

Sources said that there is no problem for the Diamer Bhasha and Mohmand Dams funds, the value of WAPDA’s assets is worth than 40 billion dollars, while the WAPDA sold 32 billion units of power central power agency last year Its value is more than Rs 65 billion

Where wasthis money kept????

 

[Dubious]

So a Dam is sought to be crowd funded.Billions are sought. Till date after lapse of many months Overseas Pakistani's deposit mere 1bn PRK i.e 7 million dollars and 60 Million is gathered from Local Pakistanis i.e by army, banks and other state institutions who deposit a day or two days salary of their employees ( so much for this being voluntary). Now, the Govt (wapda) deposits 98bn into the account so that collectively IK and CJ now dont feel embarrassed. This defeats the purpose of crowdfunding. The Govt should seriously pursue Dam funding rather than indulging in these shams.

Calling it a sham too soon...Until and unless you have prove that money was used by CJP to build a millionaire empire you cant call it a sham!

 

[SunilM]

Calling it a sham too soon...Until and unless you have prove that money was used by CJP to build a millionaire empire you cant call it a sham!

Its a sham as this is not crowdfunding. If govt money is to be used why was the need to create an account for crowd funding. The fact is that the billions of dollars never came and now IK govt is doing everything to ensure that people don't make a joke of the whole process. Till date 8.4 billion PKR could be gathered showing what a colossal failure the scheme was. Now with the sole intent of making IK look good, this is being done. Hence, I repeat. This is a sham.

 

[enquencher]

Its a sham as this is not crowdfunding. If govt money is to be used why was the need to create an account for crowd funding. The fact is that the billions of dollars never came and now IK govt is doing everything to ensure that people don't make a joke of the whole process. Till date 8.4 billion PKR could be gathered showing what a colossal failure the scheme was. Now with the sole intent of making IK look good, this is being done. Hence, I repeat. This is a sham.

If this is speed n way of funding..i think by the time money is collected no one will be alive to drink.

 

[SunilM]

If this is speed n way of funding..i think by the time money is collected no one will be alive to drink.

Crowd funding could never be a mechanism to build a dam. This is unfair. Why do people pay Taxes then? Its the governments duty. Crowdfunding is for private projects.

 

[Dubious]

Its a sham as this is not crowdfunding. If govt money is to be used why was the need to create an account for crowd funding. The fact is that the billions of dollars never came and now IK govt is doing everything to ensure that people don't make a joke of the whole process. Till date 8.4 billion PKR could be gathered showing what a colossal failure the scheme was. Now with the sole intent of making IK look good, this is being done. Hence, I repeat. This is a sham.

If you can prove it, do so otherwise your opinion doesnt matter