"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. " "Smart City has signed a MoU with Surbana Jorung. This will boast the position of Silicon Valley. " " Surbana Jorung will also design Cultural Village and some other miscellaneous projects" "RUDN Enclave: Development work in RUDN Enclave is on full swing. FWO also started construction of proposed Rawalpindi Ring Road." "Lahore Smart City’s new partnership with Galeria Designs, Raees Fahim, and Faisal Rasul. The future looks bright for Signature Villas!" "Dr Daniel been assigned the task of designing One Capital Residences would surely give birth to an aesthetic giant amidst the twin cities." "Alhamdolillah, with the grace of almighty Allah 2xHybird Double Decker Busses reached safely at Capital Smart City." "Capital Smart City has taken a pivotal step towards water filtration. This the filtration plant of capacity 4.5 Million Gallons per Day (MGD)."
November 11, 2021
Wapda Executing $26b Worth Of Projects

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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