PHOTO: REUTERS
The provincial government has developed a new investor-friendly hydro-power policy for 2016 to broaden the scope and increase investment in the sector. This was stated in a handout issued by the government on Friday. The policy will be discussed and approved in the upcoming session of the provincial cabinet.
The policy offers “exceptional” incentives to investors, which will help boost the economy, the handout stated.
A meeting of the board of directors for Pakhtunkhwa Energy Development Organization (PEDO) was held on Friday to formulate the policy. Former chief secretary and PEDO Chairman Shakeel Durrani chaired the meeting. The meeting was also attended by Secretary for Finance Ali Raza Bhutta, Secretary for Energy and Power Naeem Khan, PEDO Chief Executive Officer Akbar Ayub Khan, Senator Nauman Wazir among other board members.
The CEO briefed the participants about the newly proposed K-P Hydro Power Policy 2016. “Input from experts on various energy sectors and departments had been sought to develop the policy,” the handout quoted him as saying. Meanwhile, the PEDO board has signed off on the proposed K-P Hydro Power Policy 2016 for the final approval of the provincial cabinet.
Published in The Express Tribune, January 16th, 2016.
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