A recent meeting of the Executive Committee of the National Economic Council (Ecnec) being presided over by Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh has approved major projects related to power generation and evacuation.
The Ecnec approved the construction of 157MW Madian Hydropower project at District Swat under the World Bank (WB) assisted Khyber-Pakhtunkhwa Hydropower and Renewable Energy Development Programme at the total rationalised cost of Rs79.374 billion with foreign exchange component (FEC) of Rs57.339 billion.
The meeting also approved proposal for construction of 88MW Gabral Kalam Hydropower Project with projected cost of Rs36.430 billion and FEC Rs8.815 billion.
The meeting of Ecnec also approved the project of Evacuation of Power from 2,160MW Dasu HPP stage-I Dasu to Islamabad via Mansehra, at the total cost of Rs132.249 billion with FEC of Rs112.228 billion. The project envisages the construction of 765kV double circuit transmission line from Dasu Hydropower project to Islamabad via Mansehra. The WB funded project will be completed in 5 years.
