White Paper of the KP government on the annual budget 2019-20 has reflected that an amount of over Rs.20Bn is available in the Hydel development fund. The HDF was established in 1992 with an initial allocation of Rs500 million. The fund is governed by an Act and Rules made there-under for running of the fund.
At the time of assuming power by PTI in Khyber Pakhtunkhwa in last week of May 2013, the opening balance of the fund was amounting to Rs20.241 billion with Rs.3 billion equity of the government and a profit of Rs2.294 billion. Out of which a fund of Rs1.969 billion was utilized and the closing balance was Rs23.566 billion.
The opening balance in the year 2014-15 was Rs23.533 billion with government equity of Rs3 billion and earned profit was Rs2.356 billion and utilized amount of utilized fund was Rs2.756 billion and the closing balance was Rs.26.153 billion.
In the year 2015-16, the opening balance was Rs26.153 billion with provincial government equity of Rs10.206 billion and the earned profit was Rs1.982 billion and the amount of utilized fund was Rs15 billion and closing balance of Rs23.341 billion. In the year 2016-17, the government equity climbed to Rs16.513 billion and profit earned on the amount was amounting to Rs2.271 billion. Huge fund amounting to Rs27.722 billion was utilized bringing down the closing balance to Rs14.403 billion.
