Khyber-Pakhtunkhwa (K-P) government has planned to make the Pakhtunkhwa Energy Development Organization (PEDO) the highest earning organization in the province. The plan, once implemented, will help generate a profit of Rs50 billion a year.
This was disclosed by K-P Secretary Energy and Power Nisar Ahmad Khan, adding that the energy sector is very important in the province. PEDO, the subsidiary of the department of energy, is a profitable organization of the province which has successfully implemented various hydropower projects at a cost of Rs9 billion and in return the province has earned a handsome profit of Rs32 billion so far.
Now the government plan to further develop PEDO, with the support of experts, to turn it into the highest income generating entity.
He expressed these views at a high-level briefing given at PEDO House after taking charge as secretary energy and power.
PEDO Chief Executive Engineer Naeem Khan said that currently 42 projects of transmission lines, hydro and solar power are under construction under the supervision of PEDO. So far seven hydropower projects have been successfully completed, which are generating a total of 161 MW of electricity.
He said that the province has been earning an annual income of more than Rs4 billion, while seven projects including 84 MW Matiltan Swat, 69 MW Lawi Chitral, 40.8 MW Koto Dir, 11.8 MW Krora Shangla, 10.2 MW Jabori Mansehra, 10.5 MW Chapri Charkhel Kuram and 6.5 MW Barandu Torgarh projects are rapidly progressing.
The work is in progress, from which a total of 232.8 megawatts of electricity will be generated, from which the province will have an annual income of more than Rs9 billion.
Published in The Express Tribune, October 12th, 2022.
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