The share of hydropower in total energy mix will increase to 50% by 2050 to provide cheap energy that will boost business activities and accelerate economic growth, said Water and Power Development Authority Chairman Muzammil Hussain. Addressing the business community at the Islamabad Chamber of Commerce and Industry (ICCI) on Monday, he gave a detailed presentation on Diamer-Bhasha, Dasu, Mohmand and other dams being constructed by the authority.
“The business community deserves appreciation because despite high energy cost and power shortage, it has been doing a tremendous job to promote business activities and keep the wheel of economy moving,” he said. The official added that average water storage capacity in the world was 40% as compared to less than 10% in Pakistan and Wapda was taking measures to improve water storage capacity by building more dams across the country.
