Shounter hydropower project to be funded by SDF

The 48MW Shounter hydropower project is proposed to be established at Neelum valley AJK.

A meeting of Executive Committee of the National Economic Council (Ecnec) has been informed that the funding for the project is available from Saudi Development Fund (SDF).

According to the information available with this scribe the project has been proposed to be financed 85 percent from SFD and 15 percent through AJK ADP.

The project was considered by the Central Development Working Party (CDWP) on 04-06-2022 with a completion period of four years or 48months. The ECNC meeting was informed that the concept clearance of the project was done by the Concept Clearance Committee/ CDWP for seeking foreign financing through Economic Affairs Division in its meeting held on 14-01-2016.

As per the lates strategy adopted by AJK government it is giving priority to hydropower generation projects both in the public and private sectors. The proposed project will help to add 48 MW capacity to the system and will assist in meeting power demand in the country and will help in the reduction of load shedding.