Adviser to CM on Energy and Power, Himayatullah Khan presided over a high-level meeting with a delegation headed by the Senior Manager Korea Hydro & Nuclear Power Company, Choi Hyun Joon in Peshawer. During the meeting the advisor was told that Korean Hydro & Nuclear Power, a public sector South Korean energy company will start work on 496MW Spot Gah Hydel Power Project under the Public Private Partnership (PPP) mode soon. Completion of the project will generate cheap electricity to help bring the country out of the prevailing energy crisis.
In that project, the share of private sector is 74% while Khyber Pakhtunkhwa will invest 25% and only 1% will be invested by the Water and Power Development Authority (WAPDA). Last year a Memorandum of Understanding (MoU) for the project was signed by both sides. A proposal regarding beginning of work on the project will be presented to the Chief Minister in next few days that would be followed by launching of practical work.
The meeting was attended by, Secretary Energy, Mohammad Zubair Khan, Additional Secretary Energy, Zafarul Islam Khattak, Chief Executive Officer (CEO), Pakhunkhwa Energy Development Organization (PEDO), Zahid Akhtar and Chief Planning Officer (CPO), Zainullah Shah.