PEDO okays business model for organization to make it profitable

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Staff Reporter
Peshawar

The Policy Board of Pakhtunkhwa Energy Development Organization (PEDO) has approved Business Model for the organization to make it a self sustainable and profitable body, and minimize its dependency on provincial government exchequer with regard to source of funding for new projects of energy and power.

The 7th meeting of the Policy Board was held here on Friday with Chief Minister Khyber Pakhtunkhwa Mahmood Khan in the chair.

Additional Chief Secretary Shakil Qadir, Secretary Energy & Power, Muhammad Zubair, Chief Executive Officer PEDO, Naeem Khan and other members of the policy board attended the meeting.

Under the Business Plan a workable funding strategy has been devised for PEDO for arranging funds for its upcoming projects through various sources.

Besides taking other initiatives/interventions PEDO will be allowed to retain the profit of its completed hydro power projects and invest the same on new power projects in the province for a certain period.