Richard-Olson-US-Embassy-Fllickr-670
New US Ambassador to Pakistan, Richard G. Olson. - File Photo

ISLAMABAD: The United States on Wednesday announced a grant of 150 million dollars for the expansion of the Mangla Dam power plant, DawnNews reported.

The project is expected to generate 310 megawatts of electricity.

Addressing the inauguration ceremony of the project at Mangla Power House, US Ambassador to Pakistan Richard Olson said the US would provide 150 million dollars for the expansion of the Mangla power station.

Olson said a meeting of the Energy Working Group would be held in Islamabad in the month of December, adding that, the construction of the Diamir-Bhasha Dam was a priority for the US.

Addressing the ceremony, Chairman Water and Power Development Authority (Wapda) Syed Raghib Abbas Shah said 400 million dollars would be spent on the expansion of the Mangla power house which would be able to provide additional production for the next 40 years.

“The fourth phase expansion work will begin in March 2012,” Shah said.

Moreover, he said that the feasibility report of five mega projects was in the process of completion.

He also said that in the next five years, 5,000 megawatts electricity would be added to the national grid which would benefit 1 million consumers.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...
New terror wave
Updated 27 Mar, 2024

New terror wave

The time has come for decisive government action against militancy.
Development costs
27 Mar, 2024

Development costs

A HEFTY escalation of 30pc in the cost of ongoing federal development schemes is one of the many decisions where the...
Aitchison controversy
Updated 27 Mar, 2024

Aitchison controversy

It is hoped that higher authorities realise that politics and nepotism have no place in schools.