The Central Development Working Party (CDWP) has approved 2 energy related projects related to energy while 2 more have been referred to the Executive Committee of National Economic Council (ECNEC) for further deliberation consideration. The CDWP met with Deputy Chairman Planning Commission Mohammad Jehanzeb Khan in the chair. Senior officials from the federal and provincial governments were also present in the meeting.
The project titled “500 kV Chakwal substation” at revised cost of Rs 9 billion and “Hydropower & Renewable Energy-II, Gilgit-Baltistan (KFW) ” worth Rs 2.26 billion were approved. Two projects “Tarbela 4th Extension Hydropower Project” worth Rs 122.98 billion and “Evacuation of power for Wind power project at Jhampir and Gharo” worth Rs 13.406 billion were recommended to the ECNEC for approval.
According to documents, there are Rs 62.28 billion local components and Rs 60.7 billion foreign exchange component for the Tarbela 4th Extension Hydropower Project. According to working paper of revised PC-I, the cost of the project has been increased from Rs 83.6 billion to Rs 122.98 billion due to depreciation of rupee value against the dollar. The objective of the project is expansion of the present capacity of Tarbela Dam Hydro Power Project from 3478MW to 4888 MW (addition of 1410MW) by instillation of three units of 470MW on the existing tunnel 4.The World Bank’s IBRD/IDA would provide $ 692 million to finance the projects.
There is Rs 6.543 billion financing from local component and Rs 6.86 billion financing from foreign exchange component for evacuation of power for wind power project at Jhampir and Gharo. The project would be completed in 33 months. The main objective of the project is evacuation of 1256 MW power from wind project.