ISLAMABAD: The construction of Diamer-Bhasha Dam, one of the most important energy projects of the country, will start next year.
The land acquisition process for the project has been finalized with a cost of 104 billion rupees.
According to sources in Ministry of Planning, and Development, the project likely to be part of second phase of China-Pakistan Economic Corridor (CPEC) is lifeline for Pakistan as it will not only generate 4500 MW of electricity, but also serve as a huge water reservoir for the country.
After a decade, the country is expected to face acute shortage of water so in order to prevent food scarcity this project will be developed at all costs.
This determination was expressed by Minister for Planning and Development Ahsan Iqbal at a recently held meeting to review the project.
He said the government assigns the highest priority to Bhasha Dam because a serious water crisis is looming in next five to ten years which will be much bigger than electricity crisis.
The foundation stone of Diamer-Bhasha Dam, a gravity dam on the River Indus in Gilgit-Baltistan, was laid on October 18, 2011, but no progress was made on it in the past.