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US to provide USD 8.5 bn for construction of dam in Pakistan

"America and Pakistan have a long history of cooperation in the energy sector," American Ambassador to Pakistan David Hale said while speaking at the ceremony.

By: PTI | Peshawar |
December 14, 2016 8:38:16 pm
Pakistan, Pakistan Dam, US Pakistan Dam, Pakistan US dam “The agreement signed today builds on decades of shared effort to meet Pakistan’s energy needs and help improve the lives of millions of Pakistanis,” David Hale said. (Source: File)

The US on Wednesday signed an agreement to provide more than 8.5 billion rupees to Pakistan’s Water and Power Development Authority (WAPDA) for the construction of the Kaitu Weir project in restive North Waziristan Agency. The US Agency for International Development (USAID) and WAPDA signed the agreement at a ceremony held in Islamabad.

“America and Pakistan have a long history of cooperation in the energy sector,” American Ambassador to Pakistan David Hale said while speaking at the ceremony. “The agreement signed today builds on decades of shared effort to meet Pakistan’s energy needs and help improve the lives of millions of Pakistanis,” Hale said. The Kaitu Weir is Stage 1 of the larger Kurram Tangi Dam Project (KTDP). By completing the construction of KTDP-Stage 1, more than 16,000 acres of agricultural land will be irrigated and an additional 18 megawatts of electricity will be produced, enough to benefit 100,000 Pakistanis.

Since 2009, the US has invested more than 53.1 billion rupees to develop Pakistan’s power sector, benefiting more than 28 million Pakistanis and adding more than 2,400 megawatts of electricity to the national grid. This includes 1,013 megawatts from new or rehabilitated dams and thermal power plants, and 1,447 megawatts from improvements in the transmission and distribution system.

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