ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) on Fridayapproved two mega water and power projects amounting to Rs172billion to meet fast growing water and power needs of the country.
One project named as Karachi Water Supply Project (Phase I)-260 MGD (million gallons per day) from the east bank of Keenjhar Lake in District Thatta to Karachi City worth Rs. 25.5 billion is said to be completed in four years. The water project is aimed at enhancing water supply to meet the water demand of the 18.5 million inhabitants of Karachi City besides improving the existing water supply system. Total water demand of metropolitan city stands atapproximately1000 MGD, whereas the total existing supply is 650 MGD, resulting in a shortfall of 350 MGD. The total cost of the water project is estimated to stand at Rs. 25.5 billion, where the proposed share of Sindh provincial and federal government will be at 50/50 as directed by the Prime Minister.
The second much advertised power project approved by the ECNEC is named as 6600mw Gaddani Park Coal Power Project in Balochistan. The project envisages development of related infrastructure facilities at Pakistan power Park at Gaddani for establishing 6600MW class of imported Coal Fired Power Generation plants based on Supercritical, pulverized coal platform technology.Under the proposed project, marine related infrastructure for 6600 MW will be constructed at the total cost of Rs.146.60 billion while the major scope of project includes marine works including two breakwaters each measuring 3.5 km and 1100 m long jetties/ berths for receiving ships of sizes 40,000 DWT to 210000 DWT including floating jetty for anchoring small boats/ tug boats, provision of cooling water facilities and other related infrastructure. The project will be completed in 42 months.
Approval to these two water and power project was made during a meeting of the ECNEC, which was held at Prime Minister’s Office under the chair federal finance minister Senator Ishaq Dar on Friday.
While approving the 6600mw Gaddani Park Coal Power Project in principle, the Finance Minister directed Secretary Planning and Development for further rationalizing of the project cost. He emphasized that it is the responsibility of Planning and Development to make sure that the calculations should be factual, nearest and remain the same till completion.
About the development of Karachi Water Supply Project is aimed at enhancing water supply to the people of the city besides improving the existing water supply system, Ishaq Dar asserted to devise a joint mechanism for the implementation of the project.
He added that project should be supervised jointly by Government of Pakistan and the Government of Sindh.
The meeting was attended by Pervaiz Rashid, Minister for Information, Broadcasting and National Heritage, Sikandar Hyat Khan Bosan, Minister for National Food Security and Research, Zahid Hamid, Minister for Science and Technology, Mohammad Zubair, Chairman Privatization Commission, Mian Mujtaba Shuja-ur-Rehman, Minister for Finance, Punjab, Syed Murad Ali Shah, Advisor to CM Sindh on Finance, Abdul Rahim Ziaratwal, Provincial Minister Balochistan, Abdul Hakeem Baloch, MoS for Communications, Federal Secretaries and senior officials of the federal and provincial governments.
ISLAMABAD - Pakistan's Islamic banking and finance industry is expanding to new fields, the Khaleej ...