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Wapda awards Diamer-Bhasha dam contract to FWO -Power China joint venture

It is the second mega multi-purpose dam that is to be started in a span of just one year which is unprecedented in Pakistan's history.

08:04 PM | 13 May, 2020
Wapda awards Diamer-Bhasha dam contract to FWO -Power China joint venture

MIRPUR – The Water and Power Development Authority (Wapda) has awarded the contract of the construction of the Diamer-Bhasha dam to a joint venture between Power China and Frontier Works Organisation (FWO).

It comes in the wake of a meeting presided over by Prime Minister Imran Khan couple of days ago about water security and construction of mega dams including Diamer Basha Dam Project.

Diamer Basha Dam Chief Executive Officer Amir Bashir Chaudhry and authorized representative Yang Jiandu, signed the agreement worth Rs.442 billion on behalf of WAPDA and the Joint Venture - namely Power China-FWO  - respectively for construction of diversion system, main dam, access bridge and 21 MW-Tangir Hydropower Project, WAPDA said in a news release on Wednesday.

Water Resources Federal Minister Muhammad Faisal Vawda, Chinese Ambassador Yao Jing, Water Resources Federal Secretary Muhammad Ashraf, WAPDA Chairman Lt Gen Muzammil Hussain (Retd), Pakistan Army Engineer-in-Chief Lt Gen Moazzam Ejaz and FWO DG Maj Gen Kamal Azfar were also present on the occasion.

Addressing the ceremony, Water Resources Federal Minister Muhammad Faisal Vawda congratulated WAPDA and Power China-FWO Joint Venture, saying that today's event is a good omen for construction of much-needed dams in Pakistan. He said that construction of Diamer Basha Dam will commence in a few weeks. He said that Diamer Basha Dam is a phenomenal project to ensure water, food and energy security in Pakistan. Dilating upon the developments of water sector by the incumbent Federal Government, the Minister said that after Mohmand Dam, which was inaugurated by the Prime Minister in May last year, Diamer Basha is the second mega multi-purpose dam that is to be started in a span of just one year which is unprecedented in Pakistan's history.

Speaking on the occasion, WAPDA Chairman Lt Gen Muzammil Hussain (Retd) said that Diamer Basha Dam will go a long way for economic development and social uplift of the country.

He reiterated that WAPDA is committed to completing this mega project in accordance with the time lines to cope with the increasing water and electricity requirement in the country. Diamer Basha Dam Project, with a total financial outlay of about Rs. 1406.5 billion will be completed in 2028. The total financial outlay includes land acquisition and resettlement, confidence building measures for social uplift of the locals, construction of dam and power houses. The Project has a gross storage capacity of 8.1million acre feet (MAF) and power generation capacity of 4500 megawatt (MW), with annual generation of 18.1 billion units per annum, he added.

Chinese Ambassador Yao Jing, Pakistan Army Engineer-in-Chief Lt Gen Moazzam Ejaz and Power China Chairman Yan Zhi Yong also expressed their views during the ceremony.

It is pertinent to mention that WAPDA has already awarded contract for consultancy services of Diamer Basha Dam to Diamer Basha Consultants Group (DBCG) worth Rs.27.182 billion. The consultancy agreement includes construction design, construction supervision and contract administration of Diamer Basha Dam Project.

The Joint Venture DBCG comprises of 12 top-ranked national and foreign consulting firms namely NESPAK (Pakistan), Associate Consulting Engineers(Pakistan), Mott MacDonald Pakistan (Pakistan), Poyry (Switzerland), Montgomery Watson and Harza(MWH) International - Stantec (USA), Dolsar Engineering (Turkey), Mott McDonald International (England), China Water Resources Beifang Investigation, Design and Research Company (China), Mirza Associates Engineering Services (Pakistan), Al-Kasib Group of Engineering Services (Pakistan), Development Management consultant (Pakistan) and MWH Pakistan (Pakistan) with NESPAK as the lead firm. These firms have a vast experience of providing consultancy services for mega water projects the world over.

Daily Pakistan Global Web Desk

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 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 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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