Peshawar: Government of Khyber Pakhtunkhwa would spend Rs10 billion as evermore amount in the history of the province for the development of energy sector during the current financial year 2016-17 while Rs15 billion have been allocated in the coming budget of 2017-18 for promotion of this sector.
This was stated during a detailed briefing given in the meeting of the finance committee of PEDO’s board of directors (the attached organization of Energy & Power Department) held under the chairmanship of Fawad Eshaq.
As per press release coming next year 3 power plants would be in running position that would earn Rs5 billion annually for the province.
In the budget meeting of finance committee of PEDO’s board of directors, Rs15 billion have been allocated during the next financial year 2017-18 for the development of small, medium and large ranged hydropower projects in KP.
The committee approved the proposals of budget and recommended to put up the budget expenditures in upcoming board of directors meeting for final approval.
In addition to this about 1.3 billion would be recovered as arrears from PESCO/WAPDA as power generation cost of Pehur power plant.
Meeting was also attended by Secretary Energy & Power Mr. Ghazanfar Ali, Deputy Secretary Finance Miss Shahana Bibi and CEO PEDO Mr. Akbar Ayub Khan.
