China’s CGGC led joint venture lands Mohmand Dam contract
LAHORE: Water and Power Development Authority (WAPDA) on Tuesday awarded the long-delayed contract for civil and electromechanical works of Mohmand Dam Project to a joint venture (JV) of China Gezhouba Group of Companies (CGGC), as the lead firm, and Descon Engineering, as its partner.
A statement said the contract agreement was signed at Wapda House by the
representatives of the authority and China Gezhouba Group of Companies-DESCON JV on behalf of their organisations.
A Water and Power Development Authority spokesman termed it a giant leap forward for the development of precious water resources in the country.
The final contract is worth Rs183.523 billion, saving Rs18 billion from the approved PC-1.
It is worth mentioning here that Wapda has been able to successfully realign Mohmand Dam Hydropower Project after a delay of decades, removing the legal, financial, and technical snags.
Muzammil Hussain, chairman Water and Power Development Authority, addressing the signing ceremony, said Mohmand Dam Hydropower Project would phenomenally contribute
towards water, food and energy security of Pakistan.
“Wapda is committed to completing the project as early as possible to cope with the ever increasing needs of water and electricity in the country,” Hussain said.
He expressed the hope the dam would go a long way in stabilising the national economy besides alleviating poverty and ushering in an era of development in the project area.
Mohmand Dam Hydropower Project is historic and unique in nature being constructed on River Swat in tribal district Mohmand of Khyber Pakhtunkhwa province.
The project is scheduled to be completed in five years and eight months.
On completion, the project will store about 1.2 million acre feet (MAF) of water,
generate 800 megawatt (MW) of low-cost hydel electricity and help mitigating
floods in Peshawar, Charsadda and Naushera.
Besides supplementing 160,000 acres of existing land, about 16,700 acres of new land will also be irrigated because of Mohmand Dam.
In addition, 300 million gallon water per day will also be provided to Peshawar for drinking purpose. Annual benefits of the project have been estimated at Rs. 51.6 billion.
-
Brooklyn Beckham's Wedding Dance With Mom Victoria Sparks Hilarious Memes -
King Charles' Latest Photos A Statement On His Health? -
Tom Cruise's Biggest Dream Crushed By The President? -
King Charles, Queen Camilla Send Message To King Of Spain After Train Crash -
'We Believe Brooklyn': David Beckham Trolled After Son's Statement -
Microsoft CEO Says AI Must Deliver Real World Impact To Survive -
Stranger Knocks, Then Opens Fire On Indiana Judge And Wife -
Priscilla Presley's Derogatory Remarks On Late Daughter Lisa Marie Reignite Controversy -
Japan Unveils Anti-ship Missile With ‘barrel-roll’ Evasion To Outsmart Defenses -
How Brooklyn Beckham 'mentor' Prince Harry Inspiring Him To Speak Against Family? -
Zac Efron, Kenny Ortega Revisit 'High School Musical' After 2 Decades -
Threads Overtakes X On Mobile Users: Here’s Why Everyone’s Switching -
Kanye West Eyes Performing First-ever Concert In India -
Brooklyn Beckham's Claim About Nicola's Wedding Ordeal Gets Challenged -
AI Horror: 4 In 5 Young Workers Fear 'AI Could Replace Their Jobs', Says Report -
Missouri Couple ‘locked Sons In Chicken Pen, Shot Them’ In Shocking Abuse Case