The CDWP approved more money for the Neelum-Jhelum hydropower project, making it the most Expensive waterhedown in history.
Eight proposed projects – worth Rs 694.8 billion – were sent to the Executive Committee of the National Economic Council (ECNEC) for assessment
The CDWP produced the following projects:
- 220 KV Jauharabad substation: the project costs Rs 3.2 billion after ECNEC approves it.
- The project for the evacuation of 2160 MW electricity from hydropower projects for a price of Rs 75.9 billion.
- 184 km long Faisalabad-Khanewal highway is being built at a price of Rs 60.8 billion after approval by ECNEC.
- Construction modification of the design n of the Lahore-Sialkot highway that will be connected to Narang Mandi and Narowal Eastern Bypass.
- Two projects worth Rs 3.3 billion approved in the food and agricultural sector.
- PTV Terrestrial Digital DTMB Demonstration Project approved at a cost of Rs 2.8 billion.
- Rs 2 billion approved for building various hospitals in Afghanistan.
CDWP also approved several billion troop projects in the constituency of Captain Safdar against the Pakistan electoral commission's ban on new regulations.
Electricity will become more expensive as Govt adds 3
Just like the new Islamabad International Airport project, this explains the incompetence and carelessness of the governments in completing a project according to schedule and in the right way. The airport project seems finally completed, but it is difficult to estimate how many more years the hydel project will last.
The original proposed date for this project goes back to 1989, where it was approved at Rs 15.3 billion costs. The lack of seriousness of the authorities began and the project was still delayed.
In 2015 the costs of the project were revised from Rs 275 billion to a huge R440 billion. In the meantime, the national treasury has taken on the burden of all cost overruns in the past three decades. The government has now extended the timeline for the project to June 2018.
Now, after another two years, the costs of the project have been revised upwards to Rs 500.3 billion. The CDWP also approved Rs 100 million for hiring consultants with regard to the approval of the project.
Once completed, the electricity that comes out of the project will not be cheap. According to current estimates, it costs Rs 13 per unit, which is more expensive than any other water project in the country and higher than the international unit costs for water, solar, wind, nuclear and hydropower plants.
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