WAPDA signs contract on Chinese joint venture for Dasu hydro works
The Pakistan Water and Power Development Authority (WAPDA) has signed a contract for a joint venture with Chinese companies for the electro-mechanical works of Dasu Hydropower Project (Stage-I).
The joint venture, which is worth around $338 million, consists of GE Hydro China and Power China Zhongnan Engineering Corporation.
Dasu Hydropower Project General Manager /Project Director Anwarul Haque and GE Deputy General Manager – the authorised representative of GE-PC JV – Aijun Xu signed the contract on behalf of their organisations in a ceremony here.
The contract includes designing, supply and installation of six francis turbines, generators, main transformers and station service switchgear along with related equipment.
Wapda Chairman Lt-Gen Muzammil Hussain, in his welcome remarks, said, “Today is an important day for Dasu Hydropower Project. The project is of vital importance to add a major quantum of hydro electricity to the national grid in order to minimise reliance on expensive thermal generation and lower the power tariff.”
4,320 MW-Dasu Hydropower Project is being constructed by Wapda on River Indus upstream of Dasu Town in Kohistan District of Khyber Pakhtunkhwa (KP) province. The project will be completed in two stages – each stage having a generation capacity of 2160 MW. At present, Stage-I of the project is underway, while electricity generation from the project is expected to commence in 2024-25. Stage-I will contribute more than 12 billion units per annum to the national grid. The Stage-II will also provide another 9 billion units to the system every year.
The World Bank is partially providing funds for construction of the Stage-I of Dasu Hydropower Project to the tune of $588.4 million and partial credit guarantee (PCG) of $460 million. The remaining funds are being arranged by Wapda from its own resources and with the sovereign guarantee of government of Pakistan.
Source: The Nation