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Diamer Bhasha Dam

Diamer-Bhasha Dam project: Dar discusses issues related to financing

September 07, 2014 - BR Report - Finance Minister Ishaq Dar chaired a meeting to discuss issues related to financing of the Diamer-Bhasha Dam project on Saturday. WAPDA Chairman Zafar Mahmood briefed the Finance Minister on a draft of hydel power policy which is being prepared and it would include all issues in relation to efforts aimed at attracting private sector investment in hydel power generation in Pakistan. The policy will provide for an upfront tariff to the international…

Diamer-Bhasha Dam: will Dar be able to convince World Bank?

August 22, 2013 MUSHTAQ GHUMMAN The question whether or not Finance Min-ister Senator Ishaq Dar will be able to convince the World Bank to fund 4500MW Diamer-Bhasha Dam without a no-objection certificate (NOC) from India is currently under discussion in different Ministries including the Water and Power Ministry. Islamabad-based World Bank officials, senior officials of the Water and Power Ministry and Wapda remained tight lipped when asked if Dar''s recent claim that he would…

Khattak for expediting work on Diamer-Bhasha Dam

July 22, 2013 Khyber Pakhtunkhwa Chief Minister Pervez Khattak asked the Federal Government to expedite work on Diamer-Bhasha Dam and other mega hydro-power generation projects, instead of wasting time in construction of controversial power projects like Kalabagh Dam. "We had already opposed the construction of the controversial KBD, would not support any such project, which will be constructed without consultation of all the Federating Units, he told media persons here in district…

Diamer-Bhasha dam gets excellent response

March 08, 2013 In yet another significant development towards implementation of the multi-purpose Diamer-Bhasha Dam Project, three consortiums, comprising 20 renowned international and local firms, have submitted their proposals of consultancy services for construction design, construction supervision and contract administration of the project. The Pakistan Water and Power Development Authority (Wapda) received this excellent response from reputed firms belonging to Europe, America and…

Generating funds for Diamer-Bhasha Dam: Ministry mulling pledging its assets, Senate body told

January 04, 2013 NAVEED BUTT Ministry of Water and Power is considering pledging it's assets for generating funds to start work on Diamer-Bhasha Dam project costing $14.5 billion. "Multi-purpose Diamer-Bhasha Dam project is very crucial for the country and we cannot ignore it at any cost. We are considering various options to find out of box mechanism for generating funds for the project. Conventional method to gather funds seems difficult and we are considering ways and means for…

Diamer-Bhasha dam: US agrees to extend $3.5 billion, National Assembly body told

January 03, 2013 MUSHTAQ GHUMMAN Chairman Water and Power Development Authority (Wapda), Syed Raghib on Wednesday disclosed that United States of America (USA) had agreed in principle to extend $3.5 billion for 4500 MW multipurpose Diamer-Bhasha dam. Total cost of the project is estimated at $13-14 billion. Briefing National Assembly''s Standing Committee on Water and Power, he said that Asian Development Bank (ADB) was following the line of World Bank (WB) in designating the…

Construction of Diamer-Bhasha Dam: US says ready to give $200 million annually

December 08, 2012 MUSHTAQ GHUMMAN The United States on Friday expressed its willingness to extend $200 million per year for Diamer-Bhasha Dam and financial assistance for international consultancy for import of Liquefied Natural Gas (LNG) but criticised Islamabad for not implementing power sector reform ageenda in letter and in spirit. This was the crux of a one-day Pakistan-US Energy Working Group meeting held in Islamabad. The US Special Envoy and Co-ordinator for International Energy…

US, Japan pledge assistance for Diamer Bhasha Dam

By Zafar Bhutta ISLAMABAD, September 13, 2012: The United States has shown its willingness to partially finance the gigantic Diamer Bhasha Dam to ease water and power shortages in Pakistan and this comes at a time when multilateral donors have backed down on assurances of funds following Indian objections. “Diamer Bhasha Dam needs massive financing and we can extend partial assistance for the project,” US Agency for International Development (USAID) Country Director Jock Conly told The…

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