RECORDER REPORT

PESHAWAR: Government of Khyber Pakhtunkhwa would spend Rs 10 billion as evermore amount in the history of the province for the development of energy sector during the current financial year 2016-17, while Rs 15 billion have been allocated in the coming budget of 2017-18 for promotion of this sector. Coming next year three hydel power plants would be in running position that would earn Rs 5 billion annually for the province.

This was stated during a detailed briefing given in the meeting of finance committee of Pedo’s board of directors (the attached organization of Energy & Power Department) held under the chairmanship of Fawad Eshaq.

The meeting was also attended by Secretary Energy & Power Ghazanfar Ali, Deputy Secretary Finance Miss Shahana Bibi and CEO Pedo, Akbar Ayub Khan.

In the budget meeting of finance committee of Pedo’s board of directors, Rs 15 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.

It is worth mentioning that present provincial government of KP would spend maximum 15 billion rupees ever in the history for the development of power sector.

Moreover, some power projects would start generation during the next year and would be proved as earning billions for the province.