The energy and power investment projects across Khyber Pakhtunkhwa (KP) province have huge potential and attracted a number of potential investors as the government is expected to sign over 20 MoUs worth $1 billion in the upcoming investment conference.
The Investment Conference will be held at the Pakistan Pavilion at the Expo 2020 Dubai on Jan.16 in which the KP Chief Minister Mehmood Khan will be the chief guest besides attending by the senior government officials. In an interview with Gulf Today, Engineer Muhammad Naeem Khan, CEO Pakhtunkhwa Energy Development Organization (PEDO) said that the KP has huge potential in hydro power projects and the local investors showed great interest.
“During the two-day conference aimed to highlight energy and power investment projects in the province, we present a number of hydro power projects as our province is full of resources and ready to offer lucrative profitable projects in water and energy sectors. The province is ideal and feasible for establishing hydro power projects as number of rivers originate here which are suitable for generating energy with and without storage due to ideal geographic position,” Naeem added.
He said Pakistan has the capacity of 60,000 MW identified power potential and close to 50 percent is in the KP. “So far hardly 10 percent is being used and remaining 40 percent resources are untapped but these can be beneficial against good return of foreign investment,” he told and added that the KP government was also seeking foreign investment from UAE based Pakistani expatriates as well local firms to get benefits from our wide range of hydro projects with different lucrative methods. —APP