The Pakistan Water and Power Development Authority (WAPDA) today signed a contract worth Rs. 52.5 billion with a joint venture of GE Hydro China and Power China Zhongnan Engineering Corporation for electro-mechanical works of Dasu Hydropower Project (Stage-I).
The contract includes design, supply and installation of six francis turbines, generators, main transformers, generator and station service switchgear along with related equipment.
Dasu Hydropower Project General Manager /Project Director Anwar ul Haque and GE Deputy General Manager – the authorized representative of GE-PC JV – Aijun Xu signed the contract on behalf of their organizations in a ceremony held today.
French Ambassador, Chinese and the US diplomats, Water Resources Federal Secretary Muhammad Ashraf and WAPDA Chairman Lt Gen Muzammil Hussain (Retd) also attended the event.
WAPDA Chairman Lt Gen Muzammil Hussain (Retd), in his welcome remarks, said that today is an important day for Dasu Hydropower Project. The project is of vital importance to add a major quantum of hydel electricity to the National Grid in order to minimize reliance on expensive thermal generation and lower the power tariff, he further said.
Addressing the ceremony, Water Resources Federal Secretary Muhammad Ashraf said that the Ministry is committed to optimal utilization of hydropower resources for generating low-cost and environment-friendly electricity to meet the energy requirements of the country for economic stability and social development. Dasu Hydropower Project, he said, is a manifestation of this commitment. He appreciated WAPDA Chairman for transforming WAPDA into a pro-active and dynamic organization, adding that WAPDA has been steadfastly moving to harness water and hydropower resources in Pakistan.
Earlier, French Ambassador Marc Barety and World Bank Country Director Illango Patchamuthu also addressed the ceremony.
The World Bank is partially providing funds for construction of the Stage-I of Dasu Hydropower Project to the tune of US $ 588. 4 million and Partial Credit Guarantee (PCG) of US $ 460 million. The remaining funds are being arranged by WAPDA from its own resources and with the sovereign guarantee of Government of Pakistan.