Work to start on 300MW Balakot HydroPower

The KP government will start construction of the 300MW Balakot Hydropower project, largest hydropower project of the province during the current fiscal year.

Provincial Energy Development Organization (PEDO) in its 48th meeting approved the appointment of consultant for initiating practical work on this mega power project. It will be completed with the assistance of Asian Development Bank (ADB).

The project would be completed within seven years with an estimated cost of USD 722 million e.g. Rs 87 billion. 80 percent of the total amount e.g. 580 million dollars will be provided by the Asian Development Bank while the provincial government will provide rest of expenditures from its own resources

The project on completion will help earn 33 million dollars annually for the national exchequer.