THE financial constraints facing Wapda are likely to hit another hydropower project Gomal Zam dam.
The contractor, the Frontier Works Organisation, has put the authority on notice for immediate clearance of its dues of Rs4bn.
In
case Wapda fails to do so, the work on the dam will be stopped. It
means the commissioning of the project, which was scheduled to be
completed five years ago, will be further delayed. The nearly completed
dam will produce 17.5MW electricity and irrigate 191,000 acres of land
in Tank and D.L Khan.
Gomal Zam is not the first hydropower
project hit by the paucity of funds. There are many others, like
Neelum-Jhelum, while the work on the 4,500MW Diamer-Bhasha dam is yet to
start because of unavailability of financing.
Several factors
security conditions, fund shortage and no political consensus can be
cited as responsible for the failure to develop Pakistan`s hydropower
potential. Indeed, the scarcity of funds for new projects remains on top
of the list. Hydropower generation is crucial for Pakistan not only to
ensure its energy and water securi-ty but also to change the existing
generation mix for providing affordable electricity to consumers.
Currently,
we have an installed hydel generation capacity of just 6,500MW 13 per
cent of the country`s estimated hydropower potential of over 50,000MW.
India too has developed just 15 per cent of its hydropower potential,
but is making fast progress on several projects to change the
hydel-thermal power mix to 40:60. We, on the other hand, are doing
little to exploit this natural source of affordable power at the expense
of economic development.
No significant project has been
undertaken since the completion of the Ghazi Barotha Hydropower Project
with a capacity of 1,400MW almost a decade ago. That project came
decades after Tarbela. Wapda claims that it could add 6,000MW of hydel
power to the system in five years and another 15,000 by 2020 provided it
receives uninterrupted funding. It is time that the government spared
some funds for hydel generation to prevent further damage to the economy
due to power shortages and high energy prices
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