The Water and Power Development Authority (Wapda) has asked the government to offer a part of the expected revenues of the hydropower projects to the contractors as incentive for speedy project construction.
The incentive would be initially offered to the contractors of 4,320MW Dasu Hydropower Project scheduled to be completed by end of 2019.
The proposal was formally floated by Wapda Chairman Zafar Mahmood at a briefing on eight major hydropower projects of $56.4 billion having total generation capacity of 28,420MW on the Indus Cascade. The briefing was given to Minister for Water and Power Khwaja Mohammad Asif.
The Wapda chief said the contract required the contractors to complete the project by end 2019 who should be given an incentive for early project implementation. If the project was completed six months ahead of schedule, it would provide additional revenue of about Rs55bn — a part of which could be shared with the contractors.
He said the delay in Dasu Hydropower project was estimated to cause Rs233 million per day loss to the nation worked out on the basis of Rs11 per unit that was currently being charged to lower middle income group consumers.
