Press Information Bureau
Government of India
Ministry of Water Resources
08-December-2010 14:9 IST
Functioning of WAPCOS
The Government has recently reviewed the functioning of Water and Power Consultancy Services (WAPCOS). It has been reviewing the functioning of WAPCOS Ltd. at periodic intervals. The last such review was held on 28.10.2010.

No deficiencies were pointed out during the review of WAPCOS Ltd. held on 28.10.2010. However, for further enhancing the performance of WAPCOS Ltd., certain actions were suggested to be taken by the Company. The action points suggested and the action already being taken by WAPCOS Ltd. thereon have been indicated below:

(i) Despite the problems being faced by WAPCOS Ltd. in the construction of Salma Dam Project, Afghanistan, mainly on account of deteriorating security conditions at the project site, the WAPCOS should make all possible efforts to complete the project by the targeted date.

(ii) The Company must procure at least one project funded by Asian Development Bank (ADB)/World Bank and other bilateral and multinational funding agencies on competitive bidding.

(iii) The company should take necessary action required for ensuring transparency and competitiveness’.

(iv) The company should aspire for listing on Stock Exchange and Initial Public Offer (IPO) for its accountability.

WAPCOS Ltd. has been making all out efforts for completion of Salma Dam Project, Afghanistan. Government has also constituted a Project Review and Technical Advisory Committee (PRTAC) for reviewing the progress and financial appraisal of Salma Dam Project. The Company is implementing the project under the close supervision and guidance of PRTAC. WAPCOS Ltd. is concentrating more on projects funded by ADB, World Bank, African Development Bank and other International Funding Agencies. Recently, WAPCOS has secured an African Development Bank funded project titled ‘Consultancy Services for Detailed Design Review, Pre-Contract Services and Supervision of Civil Works, Contract for Multinational Nacalu Road Corridor Project Phase I, Nampula – Cuamba Road Project - Lot “B”, Ribaure Malema, Mozambique’ on competitive basis. WAPCOS Ltd. has been short listed for important projects being funded by International Funding Agencies to ensure competitiveness in India and abroad. Keeping in view the performance of WAPCOS Ltd, its status has been up-graded from Miniratna Category-II to Miniratna Category- I. Also the Company has prepared a proposal for listing it with the Stock Exchange.

This information was given by the Minister of State for Water Resources, Shri Vincent H. Pala in a written reply in the Lok Sabha today.