ISLAMABAD: The federal government has allocated Rs116 billion for the water and power sector in the upcoming budget for fiscal year 2016-17.
However, there is no allocation for the power projects in Sindh and Khyber Pakhtunkhwa. The total allocation for the power sector will be Rs372 billion but only Rs84.76 will be financed from the federal PSDP while Rs 286.24 billion will be arranged through self finance and Foreign Exchange Component (FEC).
In power sector, out of Rs84.76 billion allocations funded from the federal PSDP, Rs30 billion will go to two RLNG based power plants of Punjab while Rs14 billion will be allocated for Diamir Bhasha Dam, the source said and added that Rs760 million will go for the four power related projects of Quetta Electric Supply Company projects in Balochistan.
