Islamabad: The Executive Committee of the National Economic Council (ECNEC), which convened here on Wednesday, has requested that the Gilgit Baltistan (GB) government and Water and Power Development Authority (WAPDA) provide an amended proposal for approval of the 54 MW Attabad Lake Hydropower Project.

Read More: Peshawar-Dera Ismail Motorway sent to ECNEC for approval

The Ministry of Planning, Development and Special Initiatives provided a report of the Rs25.4 billion Attabad Lake Hydropower Project to be carried out by WAPDA during an ECNEC meeting headed by Federal Minister for Finance and Revenue, Shaukat Tarin.

Asad Umar, Federal Minister for Planning and Development; Abdul Razak Dawood, Advisor to the Prime Minister on Commerce, Advisor to the PM on Institutional Reforms and Austerity Dr. Ishrat Hussain, federal secretaries, and other high executives attended the meeting.

The project is for the construction of a 54-megawatt hydroelectric plant on the Hunza River, near the Attabad Lake’s downstream end. The electricity generated by the above project will be distributed to Hunza Valley load centers.

Following extensive consideration, the committee asked the Gilgit-Baltistan administration and WAPDA to prepare a new plan ensuring the project’s long-term viability and present it to the committee for approval.

The CDWP had sent the project to ECNEC for further approval in June 2021. A large landslide around 15 kilometers upstream of Gilgit resulted in the formation of the lake.

Initial survey work on the project has been completed, according to officials, and teams for the neotectonic survey and geological mapping have been mobilized on site.

Furthermore, thorough subsurface geotechnical investigations and a hydrographic study have begun.

Read More: Rs 361 billion projects approved by ECNEC

Following a thorough discussion, the committee recommended that a feasibility report of the complete project be presented to assess its long-term viability. The Committee also requested that independent financial advisers be hired to investigate funding sources and improve internal financial skills.

For design and procurement help, globally renowned technical advisers and consultants can be recruited.

Stay tuned with Tajarat Property for more updates or information about the top-notch real estate projects like Blue World City or Blue World City Islamabad.