
Construction of Mohmand Dam to be completed by 2027-28
Federal Minister for Water Resources Mian Muhammad Mueen Wattoo visited Mohmand Dam Project to mark the occasion. Chairman WAPDA Engr Lt Gen Sajjad Ghani (retd) also accompanied him. The GM/PD Mohmand Dam along with his team and Project Managers of the Consultants and the Contractors were also present on the occasion.
The Federal Minister had a detailed visit of the key sites and observed construction activities going on there. These sites included Diversion System, Power Intake Tunnel, Main Dam, Spillway and Power House.
During on-the-sites briefings, the Federal Minister was apprised by the Project Team that construction work is continuing on 14 different sites. The Federal Minister was also briefed about the site-wise progress on the Project.
The Federal Minister expressed satisfaction over the progress on the Project. He said that the Federal Government is fully cognizant of the increasing needs of water and affordable electricity in the country, that is why, WAPDA and Ministry of Water Resources have been making all out efforts for completion of the under construction mega projects. Mohmand Dam, being amongst these projects, will help fulfilling requirements of water and low-cost electricity in Pakistan. He hoped that WAPDA would complete Mohmand Dam and other projects as per their timelines. The Ministry of Water Resources will provide full support for the purpose, the Minister added.
Mohmand Dam Project being constructed across River Swat, in Tribal District Mohmand of Khyber Pakhtunkhwa Province. The 213-meter Mohmand Dam is the 5th highest concrete faced-rock fill dam (CFRD) in the world. It has a gross water storage capacity of 1.29 MAF sufficient to irrigate 18,233 acres of new land in Mohmand and Charsadda, besides supplementing irrigation supplies to 160,000 acres of existing land. With installed power capacity of 800 MW, the Project will provide 2.86 billion units of green, clean and affordable hydel electricity to the National Grid annually. It will not only help save Peshawar, Charsadda and Nowshera from flooding but also provide 300 million gallons water per day to Peshawar for drinking purpose.
Copyright Business Recorder, 2025
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
2 days ago
- Business Recorder
SBP issues coin to mark ‘Marka-e-Haq'
KARACHI: The State Bank of Pakistan (SBP) has issued Rs75 commemorative coin to celebrate Marka-e-Haq. To honor the valor of our armed forces during the Marka-e-Haq and to celebrate Independence Day with due dignity, the Federal Government has announced to issue a commemorative coin of Rs75 denomination. The 30.0 mm and 13.5 grams coin will have features including Metal composition of Nickel-Brass, Cu 79 percent, Zn 20percent& Ni 1 percent. On the obverse side of the coin, the waxing crescent moon and five-pointed star facing North-West in rising position is in the center. Along with periphery on the top of the crescent star is inscribed in wording 'ISLAMI JAMHURIA PAKISTAN' in Urdu script. Below the crescent and on the top of two springs of wheat with arms curved upward, there is the year of issuance 2025. The face value of coin in numeral '75' in bold letters and RUPIA in Urdu script are written on the right and left sides of the crescent star respectively. On the reverse side of the coin, wordings 'MARKA-E-HAQ' in Urdu script and '2025' in numeral are inscribed in the center. The wordings 'PAKISTAN HAMESHA ZINDABAD' in Urdu script is written along with the periphery on the top side of the coin. Two Fighter Aircrafts (shown on right & left sides of the coin), one Naval Ship and one Multiple Rocket Launcher System (MRLS) are shown on the reverse side of the coin. The coin shall be issued through the exchange counters of all the field offices of SBP Banking Services Corporation from August 15, 2025. Copyright Business Recorder, 2025


Business Recorder
2 days ago
- Business Recorder
Moody's upgrades Wapda's CFR, BCA ratings
ISLAMABAD: Moody's Ratings (Moody's) has upgraded Pakistan Water and Power Development Authority's corporate family rating (CFR) to Caa1 from Caa2 and Baseline Credit Assessment (BCA) to caa1 from caa2. Concurrently, it changed the outlook to stable from positive. But at the same time expressed concern over its weak financial position and persistent operational challenges in Neelam-Jhelum power project. 'The upgrade of Wapda's CFR and the revision of outlook reflect the recent rating action taken on the government of Pakistan. This alignment underscores the strong credit linkage between Wapda and the sovereign, driven by the government's full ownership and direct oversight of the company, as well as Wapda's exclusive focus on domestic operations,' said Erman Zhang, a Moody's Ratings analyst. BCA also pushed up: Moody's upgrades Wapda's CFR to Caa2 This rating action follows the rating action on the government of Pakistan (Caa1 stable) on 13 August 2025. Wapda'sCaa1 CFR incorporates its caa1 BCA and Moody's assessment of a high likelihood of extraordinary support from, and the company's very high dependence on, the government of Pakistan when needed, under its Joint Default Analysis (JDA) for government-related issuers. Wapda'scaa1 BCA reflects its exposure to persistent operating challenges at its 969 megawatt (MW) Neelum-Jhelum power station (NJHP) and its weak financial profile due to its sizeable hydropower capacity expansion plan, its long receivables cycle and delayed tariff decisions. The BCA also considers Wapda's position in Pakistan's power sector as a dominant hydropower supplier, as well as the recurring financial support it receives from the government. The rating agency noted that the company's weak financial profile is the result of an unpredictable regulatory framework and its inability to sufficiently recover costs in a timely manner, leading to delayed tariff decisions and a long receivables cycle. Moody's projected that the Wapda's funds from operations (FFO) will remain very weak over the next 12-18 months, and a sustained recovery will depend on the regulator approving an increase in its tariffs as well as the operational resumption of NJHP. Moody's said that its assessment of Wapda's financial metrics is based on the combined financials of Wapda's power segment and Neelum Jhelum. The report said for the same reasons, WAPDA's liquidity will remain strained because of its substantial current borrowings and large capital spending. The company did not repay certain government loans as per the agreed repayment schedule, in part due to the delays in its recovery of outstanding receivables from its government-owned off-taker. Moody's expect this situation will continue. Operations at NJHP have been suspended since May 2024 because of weak pressure in the hydro project's tailrace tunnel. It is unclear when the project could resume operations or the repair cost required at present. During this period, NJHP will likely rely on recovery of outstanding receivables to meet its operating cash requirement, fund the repair cost and service its external debt. NJHP had previously shut down for 13 months after major cracks were discovered in its tunnel and had just resumed operations in September 2023. Moody's said expectation of a high likelihood of government support for Wapda considers the Pakistani government's full ownership and direct supervision of the company. It also reflects the company's strategic importance to the government as it is an important platform that (1) constructs and operates hydropower assets to supply affordable electricity in Pakistan, and (2) builds water storage facilities to help address the country's acute water challenges. However, such considerations are offset by the risks stemming from the government's low policy predictability and transparency. In addition, the financial challenges faced by the government, reflected in its Caa1 ratings, indicate its limited capacity to provide support to Wapda. The stable outlook on the rating mirrors the stable outlook on Pakistan's sovereign ratings, based on Moody's expectation that the relationship between Wapda and the government will remain intact at least over the next 12-18 months. Copyright Business Recorder, 2025


Business Recorder
3 days ago
- Business Recorder
KAPCO appoints Lt-Gen Muhammad Saeed (retd) as chairman
Kot Addu Power Company Limited (KAPCO) has appointed Lt. General Muhammad Saeed (retd) as the company's new chairman and director. The listed IPP disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Friday. 'We have to inform you that Lt. General Muhammad Saeed (retd) has/been appointed as chairman/director with effect from 2025-08-15 in place of Lt. General Sajjad Ghani (retd),' read the notice. Last month, KAPCO received shareholder approval to sell its Gas Turbines GT-3 and GT-4, along with associated components, to Rizwan Steel (Private) Limited for Rs800 million. It shared that Shahab Qader Khan, Chief Executive and/or Adolf Anthony Rath, company secretary, are authorised to dispose of the plant and machinery and to act on behalf of the company. Incorporated in Pakistan on April 25, 1996, as a public limited company, KAPCO's principal activities are to own, operate and maintain a multi-fuel-fired power station with fifteen generating units with a nameplate capacity of 1,600 MW in Kot Addu, Punjab. On June 27, 1996, following international competitive bidding by the Privatisation Commission Government of Pakistan, the company was privatised. In February 2005, the Privatisation Commission (on behalf of WAPDA) sold another 18% of WAPDA shareholding in the Company to the General Public and the Company became listed. The Company is currently listed on the Pakistan Stock Exchange.