Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
World Bank refuses to fund Diamer-Bhasha Dam
07-03-2010, 02:02 PM
Post: #1
World Bank refuses to fund Diamer-Bhasha Dam
* WAPDA official tells NA committee India raised objections on Gilgit-Baltistan status
* Chashma-Jhelum Link Canal closed due to differences among provinces: IRSA

By Zeeshan Javaid

ISLAMABAD: The World Bank has refused to fund the Diamer-Bhasha Dam due to, what they claim, is the controversial legal status of Gilgit-Baltistan territory.

The revelation was made by Water and Power Development Authority (WAPDA) official who was briefing the National Assembly’s Standing Committee on Inter-Provisional Coordination on Friday.

The committee meeting was chaired by Mir Ahmedan Khan Bugti and discussed existing water sources and proposals for building new dams.

Briefing the committee about the status of the Diamer-Bhasha project, the WAPDA official informed the committee that due to objections raised by India over the legal reforms introduced in Gilgit-Baltistan, the World Bank had refused to finance the project.

The committee was further informed that over $30 to 40 billion would be required in the next 15 years to build dams in the country for generating electricity and for increasing water storage capacity.

“The bank’s refusal to provide funds has virtually endangered the practicability of the Diamer-Bhasha Dam on whose feasibility and technical reports huge amounts have already been spent since 2006,” sources privy to a high-level meeting later told Daily Times.

“The total cost of the Diamer-Bhasha dam is $12.6 billion (according to estimates in 2008) and it will have a storage capacity of 6.3 million acre feet of water. It will have a power generation capacity of 4,500 megawatts,” the sources said.

IRSA: Shafqat Masood, the Indus River System Regulatory Authority (IRSA) acting chairman, briefed the committee about the differences between Punjab and Sindh over Indus water distribution.

He told the committee members that the Chashma-Jhelum Link Canal had not yet been opened due to objections raised by provinces. However, he said IRSA had increased the water share of Sindh to 190,000 cusecs.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Government Initiates Activation of $1.5 Billion Uplift Fund LRE-Azan 0 137 01-09-2024 03:32 PM
Last Post: LRE-Azan
  Pakistan Secures World Bank Nod for USD 350 Million Funding LRE-Azan 0 156 12-22-2023 06:33 PM
Last Post: LRE-Azan
  Punjab Government has Allocated Rs 300 Million for Minority Development Fund LRE-Azan 0 4,220 11-06-2017 03:06 PM
Last Post: LRE-Azan
  Saudi Fund announces $57m for Golen Gol Hydropower Project Salman 0 6,862 11-20-2013 03:19 PM
Last Post: Salman
  World Bank gives $5.5bn aid to Pakistan to boost growth Salman 0 4,489 12-23-2011 01:36 PM
Last Post: Salman
  Meezan Bank wins CFA bank of the year award Lahore_Real_Estate 0 4,518 11-02-2011 12:33 PM
Last Post: Lahore_Real_Estate
  Indian hostility likely to ditch Diamer-Bhasha Dam project Lahore_Real_Estate 0 3,197 10-17-2011 02:53 PM
Last Post: Lahore_Real_Estate
  Finance Minister arrives in Washington for IMF, World Bank meetings Lahore_Real_Estate 0 3,659 04-18-2011 12:53 PM
Last Post: Lahore_Real_Estate
  World Bank approves USD 400 million for Pak education project Lahore_Real_Estate 0 3,581 03-25-2011 05:19 PM
Last Post: Lahore_Real_Estate
  Raymond Davis’ security: Punjab govt refuses to remove surveillance cameras Lahore_Real_Estate 0 3,649 02-21-2011 02:21 PM
Last Post: Lahore_Real_Estate
  Wen to announce fund for damaged road infrastructure Lahore_Real_Estate 0 3,335 12-11-2010 03:00 PM
Last Post: Lahore_Real_Estate
  Income tax returns non-filers' names to be removed from ATL: World Bank informed Lahore_Real_Estate 0 3,854 10-13-2010 12:50 PM
Last Post: Lahore_Real_Estate
  World Bank calls for overhauling of HBFC Lahore_Real_Estate 0 3,533 10-11-2010 12:08 PM
Last Post: Lahore_Real_Estate
  Pakistan's Ijaz Butt refuses to apologise to England Lahore_Real_Estate 0 3,224 09-29-2010 01:43 PM
Last Post: Lahore_Real_Estate
  Pension Fund exempted from Income Tax: Kaira Lahore_Real_Estate 0 3,802 09-20-2010 02:02 PM
Last Post: Lahore_Real_Estate
  World Bank team visits Karachi Custom House Lahore_Real_Estate 0 3,944 09-17-2010 12:36 PM
Last Post: Lahore_Real_Estate
  World Bank, IMF agree to give $550m Lahore_Real_Estate 0 3,350 09-03-2010 12:15 PM
Last Post: Lahore_Real_Estate
  Salman refuses to resign Lahore_Real_Estate 0 3,151 08-30-2010 12:41 PM
Last Post: Lahore_Real_Estate
  Lucky Cement sets up scholarship fund with LUMS Lahore_Real_Estate 0 3,790 08-26-2010 11:54 AM
Last Post: Lahore_Real_Estate
  World Bank Approves $900 Million for Flood-Hit Pakistan Lahore_Real_Estate 0 3,639 08-18-2010 04:56 PM
Last Post: Lahore_Real_Estate

Forum Jump:


User(s) browsing this thread: 1 Guest(s)