The Khyber-Pakhtunkhwa (K-P) government on Friday decided to set up four new industrial zones and an oil refinery in the province, read an official handout from the chief minister’s secretariat.
The provincial government has also prepared a plan to have hydel and thermal power plants in K-P to provide power supply to industrial estates at a lower rate. This, they believe, will help them attract local and foreign investment. The handout, however, did not disclose the location of the industrial zones or refinery.
At a meeting chaired by K-P Chief Minister (CM) Pervez Khattak and attended by officials from the Hungary-based MOL group and Britain-based Zambazi Resources, adviser to MOL Ali Murtaza said the company wanted to bring an increase of 34MMCF, 7,600 barrel increase in oil and 300 tonnes of LPG on a daily basis from February 9, 2014. He added that the company was already producing 40,000 barrels of oil and 270 MMCF of gas everyday from the production units in the southern part of the province.
According to Murtaza, the company will also plan to set up a thermal power house with 60 megawatts of power at a location to be decided later.
Zambazi’s chief executive George H Richmond expressed interest in working out how mineral and natural resources could benefit the province.
The meeting was also attended by the CM’s Adviser on Economy and Investment Rifaqtullah Babar, additional chief secretary Khalid Pervez, secretary energy Sahibzada Saeed, secretary finance Syed Badshah Bukhari and other officials.
Published in The Express Tribune, February 8th, 2014.