"Capital Smart City: Another master piece from the Capital Smart City launched one of its kind innovative & futuristic development - One Capital Residence." " Nova City Islamabad has announced Nova City World - Overseas Block for its valuable customers. This state-of-the-art complex will offer luxurious modern amenities. " "Nova City Frist valeting held, 21st May 2022." Alhumdulillah Congratulations everyone. LSC has taken another step towards our commitments." " RUDN Enclave: Development work in RUDN Enclave is on full swing. FWO also started construction of proposed Rawalpindi Ring Road." "Lahore Smart City: Allocation of plots in sector A & B of Lahore Smart City will be started from 1st June 2022." "Capital Smart City: Selection of Harmony Park, Overseas East and Central has been started. Last date for selection is 22nd, May 2022, balloting will be held on 30th May, 2022."
November 11, 2021
Wapda Executing $26b Worth Of Projects
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Wapda Executing $26b Worth Of Projects

LAHORE: The Water and Power Development Authority (Wapda) is executing several megaprojects including the Diamer Bhasha Dam, Dasu Hydropower Project, and Mohmand Dam at a total cost of $26 billion, said Wapda Chairman Muzammil Hussain.

Talking to a delegation of JP Morgan on Wednesday, Hussain said that such a huge portfolio of schemes was being built after a gap of almost five decades and it was being done through the adoption of an innovative financing strategy and an optimal capital structure.

While giving a rundown of 10 under-construction Wapda projects, the chairman stated that these schemes would enhance water storage capacity by more than 11 million acre-feet (MAF) and add another 9,000 megawatts of hydel electricity to the system.

“Wapda possesses the unparalleled institutional capacity to identify and implement multi-purpose hydropower projects,” he said. Hussain pointed out that the organization had adopted a multi-pronged strategy, including Green Eurobonds and syndicated loans, for the implementation of its projects, which marked a radical shift from reliance on the government of Pakistan.

“Wapda’s business model has a key role to play in the development of a sustainable and low carbon economy in Pakistan,” he remarked.

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