Rs. 18 billion earmarked for Diamir Bhasha Dam

Islamabad: The government has earmarked eighteen billion rupees for Diamir Bhasha Dam in the federal budget 2011-12.The budget, presented by Finance Minister Dr. Abdul Hafeez Sheikh in the National Assembly , estimates resource availability at 2463 billion rupees as against 2256 billion rupees during current year, showing a budget deficit of 304 billion rupees.

In budget 10.8 billion rupees for one thousand megawatt Neelum-Jhelum Hydel project, 14.6 billion rupees for Guddu Combine Cycle Power Project and 13.9 billion rupees for Chichukimalian Thermal Power Project earmarked.

Minister said that 15.5 billion rupees have been allocated in the budget for Chashma Nuclear power plants three and four which would generate six hundred megawatts of electricity.

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