ISLAMABAD - A sum of Rs 99.238 billion including Rs 93.9 billion for land acquisition on multi-purpose Diamer Bhasha dam project has already been spent so far.
Sources told APP that an amount of Rs 61 billion would be spent on the project during the current fiscal year.
Giving the breakup, they said Rs 22 billion would be spent of resettlement while remaining Rs 39 billion would be utilized for construction related activities, they added.
They said construction activities on main Diamer Bhasha dam and its allied structures would start during the current fiscal year 2019-20 while project would likely to be completed by March 2028.
The sources said that the project was divided into six major components for which separate contract would be awarded in phases.
Modalities for awarding contract of the main dam and its allied structures have also been finalized adding that contract was likely to be awarded shortly, they said.
Diamer Bhasha Dam is a multipurpose project aimed at water storage, flood mitigation and power generation. The project is being constructed across River Indus about 40-kilometer downstream of Chillas town. The 272-meter high Roller Compacted Concrete (RCC) Dam will have a gross water storage capacity of 8.1 million acre feet (MAF).
The project will generate 4500 megawatt of electricity with annual energy generation of more than 18 billion units of low-cost and environment friendly electricity. With construction of Diamer Basha Dam Project, the life of Tarbela Dam will enhance to another 35 years. It will also have a positive impact on the annual energy generation of the projects in the downstream areas.
Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency
Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.
Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.
UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.
Currency | Symbol | Buying | Selling |
US Dollar | USD | 277.4 | 280.4 |
Euro | EUR | 293 | 296 |
UK Pound Sterling | GBP | 342.25 | 345.65 |
U.A.E Dirham | AED | 75.2 | 75.9 |
Saudi Riyal | SAR | 73.3 | 74.05 |
Australian Dollar | AUD | 181 | 182.8 |
Bahrain Dinar | BHD | 740.09 | 748.09 |
Canadian Dollar | CAD | 201 | 203 |
China Yuan | CNY | 38.44 | 38.84 |
Danish Krone | DKK | 39.69 | 40.09 |
Hong Kong Dollar | HKD | 35.53 | 35.88 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 902.64 | 911.64 |
Malaysian Ringgit | MYR | 58.08 | 58.68 |
New Zealand Dollar | NZD | 164.22 | 166.22 |
Norwegians Krone | NOK | 25.31 | 25.61 |
Omani Riyal | OMR | 722.87 | 730.87 |
Qatari Riyal | QAR | 76.45 | 77.15 |
Singapore Dollar | SGD | 204.5 | 206.5 |
Swedish Korona | SEK | 25.31 | 25.61 |
Swiss Franc | CHF | 305.08 | 307.58 |
Thai Bhat | THB | 7.56 | 7.71 |
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