Foreign investment milestone in energy sector development

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Secretary Energy and Power Nisar Ahmad Khan has called foreign investment as a milestone in the coming days for the development of the energy sector in the province and said that the natural resources of hydropower found in Khyber Pakhtunkhwa are a valuable treasure. The utilization of this will not only pull the country out of current energy crisis but also province will earn billions of rupees annually.

He expressed these views in a meeting with investors’ delegation under the leadership of Ahn Ho Young, the representative of Korean engineering and construction company LOTTE, regarding the progress work of the 496 MW Spat Gah Power Project Kohistan. A power project is being constructed with cooperation of KHNP, a government-owned company of South Korea and the government of Khyber Pakhtunkhwa.

The Chief Executive PEDO Engineer Naeem Khan and the manager of the Korean company, Muhammad Sulman, were also present. While giving a briefing in the meeting, it was said that under the Public Private Partnership, 496 megawatts Spat Gah hydropower project is being constructed with the cooperation of the Korean company and the government of Khyber Pakhtunkhwa, and the province will earn about 3 billion rupees. The project would be completed in 5 years, which is the largest hydropower project in the recent history of the province.

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