The World Bank will start 2 hydropower projects of 245 megawatts in Swat district this year, the completion of which will generate an annual income of more than 13 billion rupees to the province.
In this regard, the World Bank Mission under the leadership of World Bank Senior Energy Specialist Muhammad Saqib held a high-level meeting with Secretary Energy and Power Syed Imtiaz Hussain Shah.
CEO PEDO Engineer Naeem Khan, KHRE Program Chief Engineer Shah Hussain, Project Director Gabral Kalam Power Project Asif Kamal, Project Director Maiden Power Project Mustafa Kamal and Project Director Feasibility Studies and Management Engineer Muhammad Faraz also participated.
It was informed in the meeting that with financial support of World Bank the construction work on 2 hydropower projects in Swat district would be started in next year in connection with the development of Khyber Pakhtunkhwa energy sector, including 157 MW Maiden Hydropower Project and 88 MW Gabral Kalam Hydropower Project.
In this regard, an agreement of 450 million dollars has been signed between the WB and the provincial government. These projects will be completed by 2027, from which the province will have an annual income of more than 13 billion rupees.
In the meeting, Secretary Power Syed Imtiaz Hussain Shah appreciated the steps taken by the World Bank for providing financial support in the energy sector and for the development of the energy sector in the province and expressed hope that foreign investment will come to the province from the above mentioned projects, which will help the province.
In the meeting, Chief Executive PEDO Engr. Naeem Khan assured the representative delegation of the World Bank that he will do his best to solve the problems faced in the province regarding energy projects, especially land acquisition.