ISLAMABAD – The development of delayed-for-decade Mohmand dam will probably be accomplished earlier than flood season of 2024.
Official sources instructed APP right here that the estimated value of the undertaking is Rs 291 billion and Water and Energy Improvement Authority would supply 67 per cent financing whereas remaining 37 per cent would supply by the federal government.
The native folks had already transferred land for the undertaking and it will assist mitigate flooding within the space for ever but in addition generate 800 mw low cost hydel electrical energy.
They mentioned that the contract for civil and electro-mechanical works of Mohmand Dam Challenge had already been awarded to a Joint Enterprise comprising the China Gezhouba Group of Corporations (CGGC) of China and DESCON of Pakistan.
Mohmand Dam Hydropower Challenge would phenomenally contribute in the direction of water, meals and power safety of Pakistan.
They mentioned that Mohmand Dam would go a great distance in stabilising the nationwide financial system moreover assuaging poverty and ushering in an period of growth within the undertaking space. Mohmand Dam Hydropower Challenge is historic and distinctive in nature being constructed on River Swat in Tribal District Mohmand of Khyber Pakhtunkhwa province.
On completion, the undertaking will retailer about 1.2 million acre toes (MAF) of water, generate 800 megawatt (MW) of low-cost hydel electrical energy and assist mitigating floods in Peshawar, Charsadda and Nowshera.
In the meantime, the Prime Minister and Chief Justice of Pakistan Diamer Bhasha and Mohmand Dam Fund has obtained over Rs 10.56 billion up to now. The countrywide contribution to the fund stood at Rs 8.97 billion whereas the remaining Rs 1.59 billion had been contributed by the expatriate Pakistanis, based on an replace issued by the State Financial institution of Pakistan (SBP).
Pakistanis dwelling in US remained the highest among the many international nations who donated Rs 564.810 million adopted by UK from the place a sum of Rs 388.69 million had been transferred to the dams fund up to now.
Equally, the fund additionally obtained Rs 146.32 million by means of the SMS service of assorted mobile corporations in Pakistan.
In line with particulars issued by the SBP, the highest 10 institutional donors embrace Staff of presidency of Punjab with contribution of Rs 1.09 billion, Pak Military Rs 582.071 million, HQ CWO SPD Rs 201.093 million, Bahria City, Rs 110.12 million and PAF with Rs 100.28 million.
In the meantime, the SBP in a round directed the banks to not cost any service payment together with interchange payment, service provider low cost price, transaction payment and so forth on the donations/funds made to the dam fund by means of cost playing cards (debit, credit score or pay as you go playing cards).
The Chief Justice of Supreme Courtroom of Pakistan established a Supreme Courtroom of Pakistan Diamer Bhasha and Mohmand Dams Fund on July 10, 2018 to boost funds for the development of Diamer Bhasha and Mohmand Dams.
The Courtroom supervises the Fund and its Registrar operates its account instantly.
Later, the Prime Minister of Pakistan introduced to hitch efforts with the Chief Justice of Pakistan for this trigger. Accordingly, the fund was renamed as “Prime Minister and Chief Justice of Pakistan Fund for Diamer Bhasha and Mohmand Dam .