Islamabad, 18th October, 2012
Federal Minister for Water and Power, Ch. Ahmed Mukhtar has said that Diamer Basha Dam (DBD) is very important project to generate cheaper electricity and life line of the country’s economy. He asked the Asian Development Bank (ADB) to perform its role as lead financer to complete this mega project without any delay.
He made these observations in the opening remarks of a meeting with the delegation of ADB Board Group here today. The meeting was attended by Deputy Chairman of the Planning Commission, Secretary Water and Power, Secretary Finance, heads of the subordinate organization of the Ministry of Water and Power and senior officials of the Ministry and Planning Commission.
The Minister said that the government attaches high priority for construction of mega water and power projects to meet the future requirements and intends to generate cheaper power through indigenous resources like water, coal and wind. DBD would generate 4500 mw cheaper, clean and green energy having live storage of 6.4 MAF. Infrastructure development and land acquisition would be completed by next year. He added that ADB has been major financier of water and power sector projects of generation, transmission and distribution. It is resolve of the government to end the energy crisis and to provide uninterrupted supply to the people of Pakistan for progress and prosperity. He stressed the need for early completion of the process for provision of funding for DBD project.
Secretary Water and Power, Nargis Sethi briefed the meeting on the current power situation and the steps being taken to make the sector more efficient. He also stated that recoveries are improving, line losses are being reduced, reforms are being implemented, energy conservation measures are being implemented and electricity theft is being dealt with iron hands.
Mr. Maurin Sitorus, Executive Director of the Board thanked the Minister and said that exchanged views with the Pakistani team on the status of various on-going projects. He said that the bank is aware of the importance of DBD project for Pakistan and its construction would play a major role to ease the energy problem in Pakistan. The case for financing DBD project is under process with the ADB board of director, he told the meeting.
Earlier, Chairman Wapda and MD, NTDC briefed the meeting on their sectors, respectively. It was informed that hydel projects of 1479 Mw are under construction and would be completed by 2016. It was also informed that Pakistan has planned to develop two energy parks with each having capacity of 2620 mw near Kotri and Gharo on local and imported coal.