The China Development Bank has agreed to sponsor an awareness conference for prospective investors for the construction of the 4,500MW Diamer Bhasha Dam.
This transpired during Finance Minister Ishaq Dar’s meeting with Executive Vice President of China Development Bank Zhao Xiaoyu in Beijing.
The minister said there is potential in energy, power, mining, agriculture and infrastructure sectors and the bank would reap further dividends if it teamed up to develop these potentials. He mentioned that Pakistani policy regime in the power sector is very rewarding.
Zhao Xiaoyu expressed appreciation for Pakistan’s cooperation particularly in the investment sector.
He said China Pakistan Economic Corridor had opened up broad new vista of opportunities. Pakistan was increasingly providing a good space to companies to establish their footprint.
Diamer Bhasha Dame have vital importance to overcome country's present energy crises, The project is feasible technically and politically, locally have no main issues except a lean issue of land compensation low rates, on which to the best of my knowledge Govt. has considered in the past and is taking in consideration, and as I am the core affected one and belong to Boto Koat Chilas, Technically Diamer Bhasha Dam is feasible, of as I was involved in the last Review of Feasibility Report, Review of feasibility report, Design and Preparation of tender drawings/Documents during 5005 to 2008 by DBC. 1)The Project did not included maga tunneling as involved in other Hydropower projects in the country, those have been completed/started power generation like High Head Hydropower Projects and the under construction Neelum Jhelum Hydropower Project. 2) Main structs of the Diamer Bhasha Dam, Dam structure, Headrace Tunnels, Powerhouses and Tailrace Tunnels lies on KKH ( a main Highway leads China) within a distance of 3 Km. 3) Geotechnical environments, rocks in the dam site and reservoir area belongs to massive and hard Igneous rock 'NORITES'.
4) A huge water reservoir. 5) As for as funding concern I would like to say Diamer Bhasha Dam will RETURN soon its cost to our Country/Nation along with a considerable profit.
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