K & P

Development activities: K-P to divert surplus gas to power production

Will invite Chinese investment in circular railway, set up insurance firm

APP July 04, 2016

K-P’s government would generate power from natural gas to run industrial units in the province. PHOTO: FILE

PESHAWAR: Khyber-Pakhtunkhwa (K-P) Chief Minister Pervez Khattak has put his weight behind the provincial government and asserted that his administration has the capacity to lead the province towards economic growth.

As part of the K-P government’s initiative, Khattak said special attention had been paid to making the province more economically viable where multi-faceted avenues were available for employment, growth, industrialisation and economic development.

According to the minister, the province has surplus natural gas that is planned to be provided for power generation.

High voltage transmission line: Court issues notices to Ministry of Water and Power, WAPDA, others

He was presiding over a meeting on special initiatives and fast-track execution of projects, especially economic zones, industrialisation, infrastructure development and social sector at the CM Secretariat on Monday. It was decided to encourage Chinese investment in circular railway in Peshawar and establish K-P Insurance Company and K-P Holding Company.

“We have a lot of avenues for hydroelectric power generation and at the same time we have extra natural gas that the government has decided to divert to the industrial sector,” Khattak said.

Lights out: Peshawar’s women remain sleepless, irritated

Initially, the government has identified Karak, Kohat and Rashkai for industrialisation where natural gas will be used.

“We will generate power from natural gas to run industrial units in the province,” he said. “Keeping in view our past experiences with Wapda, we have managed to formulate an independent strategy.”

The chief minister said his government was going to make all-out efforts for self-sufficiency in almost all sectors to reduce dependence on others.

Commenting on the industrialisation process, he said there would be one-window operation that would put the province on a fast track of economic development.

Khattak expressed the hope that public servants would make efforts to execute projects that were people friendly and would benefit the entire province.

Published in The Express Tribune, July 5^th, 2016.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

COMMENTS (1)

faisal | 7 years ago | Reply There is a severe deficiency of gas in the country. However, since KPK is one of the producers of gas, there is no CNG shortage there. But that doesnt mean gas is 'surplus' and can be utilised everywhere.

Replying to X