Pakhtunkhwa Energy Development Organization (PEDO) would launch seven hydropower projects of 668 Megawatt capacities with active participation of private sector during the current year. The projects would not only add 2 billion dollars investment in province but, also provide employment opportunities.
These decisions were taken during a meeting of the Board of Directors (BoD) of Pakhtunkhwa Energy Development Organization (PEDO) in its 16th meeting held under the chairmanship of Sahibzada Saeed Ahmed.
BoD meeting was attended by Secretary Energy & Power Engr. Naeem Khan, Secretary Finance Ali Raza Bhutta, Additional Secretary Home Ata ur Rehman, PESCO Chief Anwar Yousafzai, Senator Nauman Wazir, CEO PEDO Akbar Ayub Khan, Fuad Ishaq, Latif Khan, Abdullah Shah and other high level officials.
The PEDO board examined the progress of work in ongoing power projects and certain suggestions were also presented by the members for the quick completion of these projects. The meeting also appreciated the active participation of private sector and their investment initiative in seven 668 MW power projects. Beside these, 356 mini micro hydel stations of 35 MW capacity were being constructed in backward areas of province, where people were deprived of electricity. About 150 power stations had been completed while rest would be completed by the end of this year.
During the meeting, the board showed its concern over the billions of rupees the FBR collect from power generating stations in KP as tax and various suggestions were presented by the members in order to resolve this issue soon.
The board also took various decisions for the development of departmental management matters. Meanwhile, chairman board stressed over the early completion of ongoing power projects in order to benefit the general public soon.