WORLD BANK ALL PRAISE FOR TARBELA 4TH EXTENSION PROJECT

Details

Hits: 1451

Twitter

Tarbela 4^th benefits twice the capital cost: World Bank

T4 completion in less than budget estimates very rare worldwide: World Bank

 December 22, 2020: The World Bank is all praise for the successful implementation and effective operation of the 1410 MW-Tarbela 4^th Extension Hydropower Project, completed in 2018 in a phased manner.

This has been acknowledged in the World Bank Implementation Support Mission Aide Memoire, recently shared with the Ministry of Water Resources, Ministry of Energy – Power Division and Economic Affairs Division, Government of Pakistan.

A 7-member World Bank Mission was conducted from December 1 to 8, 2020 to review the status of implementation of Tarbela 4^th Extension Hydropower Project. The Mission comprised of Energy Specialist and Mission Leader, Senior Procurement Specialist, Advisor, Social Development Specialist, Environment Specialist, Operations Officer and Programme Coordinator.

Highlighting the electricity generation and financial benefits of Tarbela 4^th Extension Hydropower Project since commissioning, the World Bank Aide Memoire says “Over 12, 000 Giga Watt-hours (GWh) have been generated since commissioning in 2018. The value of the electricity generated for the country is over US$ 1,560 million using a value of US Cents 13/kilo Watt-hour (kWh), which is the cost of generation from Liquified Natural Gas (LNG) plants. The benefit is about twice the capital cost of the Project”.

The World Bank Aide Memoire also appreciates success of Tarbela 4^th Extension Hydropower Project saying “The Project has been very successful, starting generation on time, and with a cost about 10 percent less than the budget estimated at the time of approval by the Bank. This is very rare for hydropower projects worldwide.”

Tarbela 4^th Extension Hydropower Project of 1410 MW (more than Mangla) has been instrumental in meeting electricity needs of Pakistan, triggering socio-economic development in the country. With completion of Tarbela 4^th Extension Hydropower Project, the installed generation capacity of Tarbela has increased from 3478 MW to 4888 MW.