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Diamer-Bhasher Dam to boost cement consumption

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World Cement,


The building of the Diamer-Bhasha Dam in Pakistan is expected to booth cement demand by around 5 million tpy over the next 4 – 5 years, according to local media reports.

The government of Pakistan recently approved the project, which will provide 6.4 million acre-feet of water storage (around 7.9 billion m3) and 4.5 GW of electricity generation capacity.

The government has allocated PKR23.7 billion to complete the project.

Dewan Cement would be among the first companies to benefit from construction, as it operated the closest cement plant to the site of the project, local media said.

Pakistan’s cement producers are already benefitting from a multi-billion dollar investment in the country’s infrastructure with much of the money coming from China as part of the China-Pakistan Economic Corridor.

Total cement dispatches are up 15.1% in the financial year to day (July 2017 – April 2018). Domestic demand has provided the foundation for that growth, with exports declining as a result.

Read the article online at: https://www.worldcement.com/indian-subcontinent/22052018/diamer-bhasher-dam-to-boost-cement-consumption/

 

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Pakistan cement news Cement news 2018