LAHORE - The Central Development Working Party (CDWP) approved Wapda's PC-I amounting to Rs 116.7 billion of Diamer-Basha Dam Project for land acquisition and resettlement in its meeting with Planning Commission Deputy Chairman Salman Farooqui in the chair. The 272-meter high Diamer-Basha Dam will be the highest Roller Compacted Concrete (RCC) dam in the world with more than 100 kilometre long reservoir. Live storage capacity of the reservoir will be 6.4 MAF, while 4,500 MW of electricity will be generated by the project. Diamer-Basha Dam will contribute more than 18,000 Giga watt-hours of electricity annually and go a long way to cope with the increasing demand of water and electric power in the country. It will also help increase the ratio of low-cost hydel power in the National Grid. Diamer-Basha Dam is a project of immense importance and will be the biggest project ever executed in any sector in the country. The pre-qualification process of the contractors has already been initiated and is likely to be completed soon. The construction on the project will commence next year following International Competitive Biddings (ICB).