What's new

Funds for dozens of power projects, dams stopped

SpArK

ELITE MEMBER
Joined
May 5, 2010
Messages
22,519
Reaction score
18
Country
India
Location
India
Funds for dozens of power projects, dams stopped

tarbela-dam-543-x-2751.jpg


ISLAMABAD: The federal government has decided to drop the financing of 39 power projects and construction of dozens of small dams under the Public Sector Development Programme because of the financial crisis.

The decision will aggravate the power supply situation in the four provinces and deepen the electricity crisis.

According to a status report on the PSDP for 2010-11 released by the Planning Commission, the government has released Rs3.7 billion out of the allocated amount of Rs5 billion for the construction of Diamer-Bhasha dam.

In the nuclear energy sector, the entire allocated amount of Rs3.58 billion has been released for units three and four of the Chashma nuclear power plant. However, a nuclear power waste facility remained without funding.

The proposed Porali dam, Naulong storage dam and Pelar dam in Balochistan will get no financing. Under the Balochistan package of 100 small dams, the construction of 25 dams has been dropped.

Nai Gaj dam in Dadu, Bara dam in Khyber Agency, Kurram Tangi dam in North Waziristan, eight small and medium dams in Khyber Pakhtunkhwa, Sita dam in Qambar-Shahdadkot, Kot Fateh Khan dam in Attock, Darban dam in Dera Ismail Khan and Hingol dam also faced axe in the development budget.

A project to import 100MW electricity from Iran for which a 220KV grid station was to be set up in Gwadar with the assistance of Iran has also been dropped. The government had allocated Rs35 million for the project.

The Neelum-Jhelum hydropower project in Azad Kashmir, which was to be initiated with foreign assistance of Rs903 million, has been dropped.

Other projects which were included in the PSDP but will not get funds include Khan-Khawar hydropower project in Shangla-Bisham, Allai Khawar hydropower project in Battagram, Dubair Khawar hydropower project in Kohistan and Keyal Khawar hydropower project in Khyber Pakhtunkhwa.

Transmission arrangements for power dispersal of Ghazi Barotha with the assistance of the ADB, IDB, Kuwait, Germany and Japan received no funds under the PSDP.

The upgradation and load dispatch system of the National Power Control Centre in Islamabad was not considered for financing, the status report said.

The second rural electrification project in Balochistan to be funded by the Kuwait Fund and the 220KV expansion project in Kassowal to be assisted by the World Bank have also been dropped.

The sixth secondary transmission grids projects of Lesco, Gepco, Mepco, Iesco and Hesco remained without funding. The phase one of power distribution enhancement projects of Lesco, Gepco, Mepco, Fesco, Iesco, Pesco, Hesco and Qesco have been dropped.

Funds for dozens of power projects, dams stopped | Metropolitan | DAWN.COM
 
we were discussing it on the other day on this forum that the issue is not the capacity but how we manage our existing capacity. with total capacity of more than 19000 MW while the projected peak demand of only 18000 MW, we have a 1000 MW surplus...

where we loose is our 30% efficiency in distribution and running of power plants compared to world average of around 60%.

so either we continue spending billions in building more such projects or invest a little in the management of the existing assets..
 
Majority of power stations in karachi are Fuel based with is always costly .. hydro power is necessity
 
we were discussing it on the other day on this forum that the issue is not the capacity but how we manage our existing capacity. with total capacity of more than 19000 MW while the projected peak demand of only 18000 MW, we have a 1000 MW surplus...

where we loose is our 30% efficiency in distribution and running of power plants compared to world average of around 60%.

so either we continue spending billions in building more such projects or invest a little in the management of the existing assets..

Building of the dams itself is a major part of water management.

Check this out:
A major gas field and six power plants have been shut down, adding another 1500 megawatts to the already 4500 megawatts power shortfall.
.................

The impact on the economy will be enormous and early estimates are that growth will be halved. This indicates that instead of the projected 4.5% it will be less than 2.5%. The further consequence is that the IMF target of capping the budget deficit at 5.1 % of the GDP is unlikely to be met. In fact, the $55 billion external debt (servicing it takes away 23% of export earnings) is set to grow, adding to the already declining economic situation. Experts are predicting a massive drop in exports and an increase in food imports, further adding to the trade deficit. The overall effect is that in spite of the endurance and resilience shown by Pakistanis in past disasters, there is likely to be prolonged disruption; rehabilitation may take anything up to five years or more with a total requirement of over 10 billion US dollars.
^^^Pakistan’s Water World: The Political and Economic Impact of the Recent Floods

And this one from the article mentioned in the opening thread:-


The federal government has decided to drop the financing of 39 power projects and construction of dozens of small dams under the Public Sector Development Programme because of the financial crisis


I hope you can spot the downward spiral owing to the insane budgeting of Pakistan's finances.

All I mean to say is, if the government spends more in infrastructure (esp dams - desperate need of the hour), then it stands a better chance to extract greater tax revenues = bigger incentive even for the corrupt leaders.
 
Better Pakistan ask Private company to invest.
 
No! Think about the negatives of that.

If you have a clear policy binded by law then there should not be any problem. I still think govt should control the power sector but if you cant finance them then private sector is a good option.
 

Pakistan Defence Latest Posts

Military Forum Latest Posts

Back
Top Bottom