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Executive Committee of National Economic Council approves projects worth Rs172 billion

Islamabad, July 18, 2014 (PPI-OT): Federal Minister for Finance, Senator Mohammad Ishaq Dar chaired the meeting of the Executive Committee of the National Economic Council (ECNEC) at Prime Minister’s Office today.

The ECNEC considered and approved construction of marine related infrastructure for 6600 MW Pakistan Power Park project at Gaddani, Balochistan at the total cost of Rs.146.60 billion. The project envisages development of related infrastructure facilities at Pakistan power Park at Gaddani for establishing ten 660 MW class of imported Coal Fired Power Generation plants based on Supercritical, pulverized coal platform technology.

The major scope of project includes marine works including two breakwaters each measuring 3.5 km and 1100 m long jetties/ berths for receiving ships of sizes 40,000 DWT to 210000 DWT including floating jetty for anchoring small boats/ tug boats, provision of cooling water facilities and other related infrastructure. The project will be completed in 42 months.

While approving the project in principle, the Finance Minister directed Secretary Planning and Development for further rationalizing of the project cost. He emphasized that it is the responsibility of Planning and Development to make sure that the calculations should be factual, nearest and remain the same till completion.

ECNEC also considered and approved Greater Karachi Water Supply scheme K-IV (Phase I)-260 MGD from the east bank of Keenjhar Lake in District Thatta to Karachi City with the total cost of Rs. 25.5 billion which will be shared in a 50/50 proportion by the Federal Government and the Government of Sindh as directed by the Prime Minister.

The project has been designed with a total capacity of 650 MGD (million gallons per day) to meet the water demand of the 18.5 million inhabitants of Karachi City. The present water demand in Karachi is approximately1000 MGD, whereas the total existing supply is 650 MGD, resulting in a shortfall of 350 MGD. The project will be completed in 4 years.

The Finance Minister said that the Prime Minister during his recent visit to Karachi announced this important project for the citizens of Karachi and it is imperative that a joint mechanism is developed for project implementation. He added that project should be supervised jointly by Government of Pakistan and the Government of Sindh.

The meeting was attended by Mr. Pervaiz Rashid, Minister for Information, Broadcasting and National Heritage, Mr. Sikandar Hayat Khan Bosan, Minister for National Food Security and Research, Mr. Zahid Hamid, Minister for Science and Technology, Mr. Mohammad Zubair, Chairman Privatization Commission, Mian Mujtaba Shuja-ur-Rehman, Minister for Finance, Punjab, Syed Murad Ali Shah, Advisor to CM Sindh on Finance, Mr. Abdul Rahim Ziaratwal, Provincial Minister Balochistan, Mr. Abdul Hakeem Baloch, MOS for Communications, Federal Secretaries and senior officials of the federal and provincial governments.

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Haji Ahmed Malik
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