Malaysian companies invited to build small, medium dams

LAHORE (July 18 2009): The Water and Power Development Authority (Wapda) has invited Malaysian Companies to constructs 32 small/medium dams in Pakistan. The Member (Water) Wapda, in a letter addressed to the Pakistan High Commission in Malaysia, had invited the Malaysian Companies having experience in building Dams to build 13 Dams in the Phase-I in various parts of Pakistan, either alone, or as joint ventures with local and international investors and contractors.

The letter further stated that the dam reservoirs structures would be financed and constructed by private sponsors/investors through the due process who would provides 80 percent of the financing. According to Member Wapda, the land for the dams, reservoir/structures would be acquired and the Government of Pakistan will finance the cost. The land would be leased to the private investors for 25 years, which would be extendable on mutually agreed terms.