PESHAWAR: The Khyber Pakhtunkhwa government would spend Rs 10 billion for the development of energy sector during current financial year 2016-17 while Rs 15 billion have been allocated in the coming budget of 2017-18 for promotion of this sector.
This was stated during a detailed briefing given in the meeting of finance committee of PEDO board of directors (the attached organization of Energy & Power Department) held under the chairmanship of Fawad Eshaq. Meeting was also attended by Secretary Energy & Power Ghazanfar Ali, Deputy Secretary Finance, Shahana Bibi and CEO PEDO Akbar Ayub Khan.
The meeting was told that in coming next year three power plants would be in running position that would earn Rs 5 billion annually for the province. In the budget meeting of finance committee of PEDO board of directors, Rs 15 billion have been allocated during the next financial year 2017-18 for the development of small, medium and large ranged hydropower projects in KP.
The committee approved the proposals of budget and recommended to put up the budget expenditures in upcoming board of directors meeting for final approval. In addition to this about Rs 1.3 billion would be recovered as arrears from PESCO/WAPDA as power generation cost of Pehur power plant.
