KP offers huge prospects for public-private partnership in renewable energy sector

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STAFF REPORTER 
PESHAWAR

Advisor to Chief Minister, Khyber Pakhtunkhwa on Energy and Power, Himayat Ullah Khan, has said that the profit sharing with provinces in hydropower sector is necessary for the effective sustainability of the projects.

He said this while sharing his views with the participants at public private dialogue ‘Potential of renewable energy and hydropower development in Khyber Pakhtunkhwa: Opportunities and Challenges,’ jointly organized by Khyber Pakhtunkhwa Board of Investment & Trade (KPBoIT) and Sustainable Development Policy Institute (SDPI).

A d v i s o r Khan added further that Public private partnership in energy sector is an excellent proposition.

The Hydro projects are environmental-friendly and create good socioeconomic impacts besides being cost-effective.

Thus, it makes hydro-projects suitable, especially for povertystricken province like Khyber Pakhtunkhwa.

“Sustainable development in Pakistan is possible by creating better coordination between federating units and better facilitation and incentivization of all stakeholders involved including provinces, displaced public and environmental resources,” he concluded.