The Pakistan Water & Power Development Authority (WAPDA), after approval of the World Bank, has awarded the contract of $312 million to a consortium for electro-mechanical works of the 1410-MW Tarbela 4th Extension Hydropower Project. The consortium comprises of two internationally renowned companies namely Voith Hydro of Germany and Voith Hydro Shanghai of China.
The agreement was signed here at WAPDA House. Project Director Tarbela 4th Extension Hydropower Project and Chief Executive Officers of the both firms signed the agreement on behalf of WAPDA and the consortium respectively.
Chairman WAPDA, Syed Raghib Abbas Shah, Members of the Authority and other senior officers were also present on the occasion. It is pertinent to mention that the civil works of the project are already underway. The project has been scheduled to be completed in three and a half years at an estimated cost of $928 million. The World Bank is providing $840 million for the project.
Tarbela 4th Extension Hydropower Project is a part of least-cost electricity generation strategy of the Federal Government being implemented by WAPDA on priority. This strategy reflects the Federal Government’s commitment to add a sizeable quantum of hydel electricity to the national grid.