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.
-
Japan: PM Takaichi Flags China ‘Coercion,’ Pledges Defence Security Overhaul -
Angorie Rice Spills The Beans On Major Details From Season 2 Of ' The Last Thing He Told Me' -
Questions Raised Over Andrew Mountbatten-Windsor's Line Of Succession -
'Shameless' Sarah Ferguson 'pressuring' Princess Eugenie, Beatrice For Major Reason -
Teacher Arrested After Confessing To Cocaine Use During Classes -
Paul McCartney Talks 'very Emotional' Footage Of Late Wife Linda In New Doc -
Princess Beatrice, Princess Eugenie's Response To Andrew's Arrest Revealed -
King Charles And Princess Anne Bestow Honours At Windsor Castle -
King Charles 'worried' As Buckingham Palace, Royal Family Facing 'biggest Crisis' -
Milo Ventimiglia Recalls First Meeting With Arielle Kebbel On The Sets Of 'Gilmore Girls' Amid New Project -
Eric Dane Infuriated After ALS Diagnosis As He Feared The Disease Would Take Him Away From His Girls -
It's A Boy! Luke Combs, Wife Nicole Welcome Third Child -
Leading Astrophysicist Shot Dead At Southern California Home -
Johnny Depp's Kind Gesture Towards Late 'Grey's Anatomy' Actor Eric Dane Before Death Laid Bare -
How Princess Eugenie, Beatrice React To Andrew Arrest? -
Kylie Jenner 'convinced' Gwyneth Paltrow Is 'crushing' On Timothee Chalamet: 'It's Disrespectful'