IS this a joke or is this the real policy that is being followed, take money in form of loans, add surcharges to bills, and continuously squander the money away in tenders. Follow that up by taking more loans and still be unable to complete the project.
In all this time you do not try and govern over the project and look at its hiccups and deal with corruption, rather you sit around and watch it go to pieces. Then you say that now that it is mostly done we can privatise it and eat off this more or sell it to some multinational and earn a good healthy cut. What corrupt dishonest governance, not to mention useless.
The committee has been tasked to present its report within three months for the privitisation or investment in the hydropower project.
another half year of delays, wonder if there ever will be any one to ask them about these delays.
@Jazzbot @Leader when will PTI move on from rigging to these issues, trust me the people care about these more...
@C130
After being approved in 1989, the design was improved, increasing the tunnel length and generation capacity. The project was intended to begin in 2002 and be completed in 2008 but this time-frame experienced significant delays to rising costs and funding.
[2]On 7 July 2007, the Chinese consortium CGGC-CMEC (
Gezhouba Group and China National Machinery Import and Export Corporation) were awarded the contract to construct the dam and power station. The construction contract was settled by the end of the year and in January 2008, the letter of commencement was issued. On 8 February, Pakistan's President
Pervez Musharrafannounced that the project would begin.
[3] In October 2011, the diversion tunnel intended to divert the Neelum River around the dam site was completed.
[4]
On 1 November, Pakistan's Prime Minister
Syed Yusuf Raza Gilani publicly stated his concern for the project's delay. At its appraisal in 1989, it was to cost $167 million USD (2011) and after another redesign in 2005, that cost rose to $935 million USD (2011). Currently costs have risen to $2.89 billion USD (2011).
[5] The project is being constructed under the supervision of the
Water and Power Development Authority (WAPDA) and funding is being achieved through the Neelum Jhelum Hydropower Company, taxes, bond offerings, Middle Eastern and Chinese banks. WAPDA has successfully secured loans from a consortium of Chinese banks and from Middle East.
Tunnel-boring machines (TBM) were brought to help speed up the excavation of the remaining tunnels. They became operational in February 2013.
[6] In mid-2014 Prime Minister
Nawaz Sharif visited the construction site in mid-2014 and hoped to have at least one generator operational by mid-2015. The project was 66 percent complete as of August 2014 while at the same time the diversion tunnel was 75 percent complete. US$475 million in funding was still not secured by the Economic Affairs Division at that time.
[7] On 24 December 2014 a wall near the diversion tunnel's intake collapsed, killing four workers including a Chinese engineer.
[8] In January 2015 Minister of State for the
Ministry of Water and Power,
Abid Sher Ali, stated that that extra funding should be secured and that December 2015 was a feasible target for the first generator to be commissioned.
[9] The remainder of the project is scheduled to be complete early, in 2016 instead of the originally planned 2018.
[7]
969 MW dam takes this long. that is your answer on the Thar post
