MABAD - The starting of construction work on Bhasha Dam might take 3 years more as the donors agencies have their own way of work and long processes before transferring of funds for the project.
The already delayed and very important and need of the time project will give its fruits after not less than 15 years under the current circumstances. An official while talking to TheNation said that though ADB is likely to provide a sum of $7-8 billion but that is not going to happen overnight and will take time. The total project cost is around $12 billion and the Dam will serve agriculture sector and power sector both as it would store water and will generate 4000-megawatt electricity.
The official said that the government is facing troubles in getting funding for the project that is why it is being delayed.
There are some other issues regarding distribution of compensation money among the affected as the govt needs funds for the purpose as well. But he said that the govt would start the construction work of Bhasha dam and pay the compensation money if funds are available.
He also told that WAPDA has constructed the colony that was necessary to start construction process but now is waiting for the ADB to complete the process and allocate funds so that the construction contract could be assigned. It is also pertinent to mention here that during the period, there is no other hydel project that might help in decreasing electricity tariff and power generation is likely to rely on oil mainly for so many years as the govt is not taking any concrete step to ease the lives of the masses.Only one hydel power project is in construction process and that is Neelum-Jhelum run-of-the-river project but that will also be completed not before 2016. The project will add 956 megawatt in the system. The annual increase in electricity demand is calculated as more than 5 per cent in the current economic survey report so that project would not be able to help in decreasing power tariff at that time.