Pakhtunkhwa Energy Development Organisation (PEDO) Khyber Pakhtunkhwa has signed Wheeling Regime-Energy Purchase Agreement with five industrial consumers, including Gadoon Textile Swabi, AJ Textile Swabi, Premier Chip Board Peshawar, Cherat Packages Swabi and Cherat Cement Nowshera. The agreement was signed by the chief executive officer (CEO) PEDO, Zahid Akhtar Sabri, Afan Aziz of AJ Textile Mills and others while Chief Minister Mahmood Khan were also present on the occasion.
Through the wheeling arrangement, the profitability of PEDO will be increased because at present according to the Nepra tariff of Rs 4.01 per KWh PEDO’s earnings will be Rs 162 million, whereas in the wheeling to industrial consumers the sale of power rate is Rs 7.5514/kWh, which will increase the revenue of PEDO to Rs 306 million per annum.
The wheeling of power to the industries of Khyber Pakhtunkhwa was approved by the provincial cabinet while the Board of Directors of PEDO had also approved the wheeling arrangement in its 36th meeting for Pehure HPP through wheeling arrangement with the successful bidders.
