Wapda signs PKR 611.5 mn accord for Munda Dam project – Alfalah Securities Limited

Karachi: Wapda signed an agreement worth PKR 611.5 mn for the preparation of detailed engineering design and tender documents of Munda Dam Multipurpose Project.

According to Alfalah Securities Limited, the joint venture, comprising of Pakistani, Australian and Japanese firms, has been assigned to complete the task in two years. The Dam was proposed to be constructed on Swat River about five kilometres upstream of Munda Head works in Mohmand Agency. The project on completion would mitigate floods, develop irrigated agriculture and generate hydro power with installed capacity of 740MW to add around 2,407 million units of energy on annual basis to the total energy production. After completion of detailed engineering design in two years, Munda Dam project will enter in the construction phase, which is estimated to cost USD 1,401 mn and will be completed in 7 years. The construction of the dam bodes well for the cement sector however; its impact would only appear after 2 years when the construction is initiated.