The Export-Import Bank of China has approved a US$448M loan to fund construction of the 969MW Neelum-Jhelum hydropower project in Pakistan.
According to newswire reports, the loan will help ensure the project is completed to schedule in 2016, after fears there may be a delay in construction if funding was not approved.
Back in 2008, project developer the Water and Power Development Authority (WAPDA) awarded a consultancy contract for the project to a joint venture led by MWH and including local firms Nespak, ACE and NDC together with Norplan of Norway.
The project involves construction of a concrete gravity diversion dam, headrace tunnel, surge chamber and underground powerhouse with four generating units. TBM’s are being put to use on the build.
2016 bloody hell thats long
yes. The load-shedding schedule has crushed everyone. I wish the project gets completed and in running stage before 2016
Four years is abnormally short for this kind of project. Hope the Chinese won't try to speed through the construction and build a weak dam (the kind of thing that is happening with many chinese construction) …
This is a critical project. 'Better late than lemon'. Patience and no short-cuts …
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