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World Bank and Asian Development Bank to provide funds for Basha-Diamer Dam

halka_kutta

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A parliamentary panel was informed on Tuesday that Water and Power Development Authority had prepared a PC-I for Bunji Dam that could run 16 turbines and produce 7,100 megawatts of electricity on completion. Chairman WAPDA Zafar Mahmood briefed the members of National Assembly Standing Committee on Kashmir Affairs and Gilgit-Baltistan about the ongoing work on Bhasha and Bunji Dams.

PML-N MNA Malik Abrar chaired the committee meeting in the Parliament House wherein the chairman WAPDA said that the Asian Development Bank and World Bank had not denied funding for the Bhasha Dam. Briefing the members about the Bunji Dam, the chairman said that it transpired during designing of the Bunji Dam that it was located on a fault line. "We have to change location and designing of the project due to the fault," he said.

Mahmood said that Finance Minister Ishaq Dar could talk to the World Bank for financing of the dam in September this year. "Redesigning of the dam would also affect around 140 kilometers of Karakorum Highway," he said. He said that WAPDA had been working to complete all prerequisites for possible financing of Bunji Dam with the World Bank and other international financial institutions. "If completed, the dam would be capable of running 16 turbines and produce 7,100 megawatts of electricity," he said.

Briefing about the Bhasha Dam, the chairman said that the government had to buy 37,419 acres of land but only 17,424 acres had been acquired so far. According to the plan, 35,991 acres of land was to be provided for the dam in Gilgit-Baltistan and 1,428 acres in Khyber Pakhtunkhwa and around 19,062 acres of land was to be provided by the government while 18,357 acres was to be bought from private owners.

So far, the government had provided just 17,214 acres of land for the project while only 210 acres private property had been bought so far, the chairman said. The committee members were also informed that around 100 kilometers of Karakoram Highway would also be affected by the project and the government would have to construct an alternate 141 kilometers road for it. "The alternate route would cost the national exchequer around three billion rupees," he said. He said the local people had also been resisting the government's initiative to buy land for the dam which was delaying the project. The chairman also dispelled reservations of some members of the committee about funding of the project. "The international financial institutions are ready to provide funds for the project but even if they don't do so, we'll construct the dams by utilising indigenous resources," he said.

Copyright Business Recorder, 2014
 
well the headline is world bank and asian bank have not given a node to fund bhasha dam.
bad news regarding bunji dam since evrything was completed, doesnt make sense to do a detailed feasiblity at a site which was on a fault line!!!!????
 
well the headline is world bank and asian bank have not given a node to fund bhasha dam.
bad news regarding bunji dam since evrything was completed, doesnt make sense to do a detailed feasiblity at a site which was on a fault line!!!!????

"PML-N MNA Malik Abrar chaired the committee meeting in the Parliament House wherein the chairman WAPDA said that the Asian Development Bank and World Bank had not denied funding for the Bhasha Dam."

I remember last month WB clearly denied funding. Lets see whats happen this september. Wapda report 2013 said construction on Bunji will begin in next year or 2016, can't remember exact year.

Another news

The projects which are being offered to Russian companies for investment are as follows : (i) evacuation of power from Basha HPP-500 kV AC lines at an estimated cost of $1.340 billion; (ii) evacuation of power from Bunji HPP-500 kV AC lines with an estimated investment of $1.485 billion; (iii) CASA-1000 project at an estimated cost of $189 million (Pakistan portion); and (iv) import of power from Iran 500 kV HVDC at an estimated cost of $472 million.

Energy sector: Pakistan, Russian companies may explore joint projects | Business Recorder
 
"PML-N MNA Malik Abrar chaired the committee meeting in the Parliament House wherein the chairman WAPDA said that the Asian Development Bank and World Bank had not denied funding for the Bhasha Dam."

I remember last month WB clearly denied funding. Lets see whats happen this september. Wapda report 2013 said construction on Bunji will begin in next year or 2016, can't remember exact year.

Another news

The projects which are being offered to Russian companies for investment are as follows : (i) evacuation of power from Basha HPP-500 kV AC lines at an estimated cost of $1.340 billion; (ii) evacuation of power from Bunji HPP-500 kV AC lines with an estimated investment of $1.485 billion; (iii) CASA-1000 project at an estimated cost of $189 million (Pakistan portion); and (iv) import of power from Iran 500 kV HVDC at an estimated cost of $472 million.

Energy sector: Pakistan, Russian companies may explore joint projects | Business Recorder

Since, the dam is in Gilgit-Baltistan, Pakistan will find almost impossible for getting funds for Bhasha dam without India's consent. Your minister is misleading you.
 
Since, the dam is in Gilgit-Baltistan, Pakistan will find almost impossible for getting funds for Bhasha dam without India's consent. Your minister is misleading you.
It is matter of a time when we can arrange funds even from own resources if nobody funded the project. It will only take some time but the intentions are clear
 
Since, the dam is in Gilgit-Baltistan, Pakistan will find almost impossible for getting funds for Bhasha dam without India's consent. Your minister is misleading you.

It does not matter anyway, the work is underway. Middle east banks will provide loans in case WB and ADB back away. Same is the case with Bunji 7100mw which will start construction in couple of years. Did you know Neelum-Jhelum dam 969mw will be completed by 2016? Guess where it is....

It is matter of a time when we can arrange funds even from own resources if nobody funded the project. It will only take some time but the intentions are clear

Yes as last resort Pak govt will build from its own resouses.
 
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Since, the dam is in Gilgit-Baltistan, Pakistan will find almost impossible for getting funds for Bhasha dam without India's consent. Your minister is misleading you.
Feels good for ego, doesn't it.....?
 

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