PESHAWAR, Pakistan: Khyber Pakhtunkhwa government under Energy Action Plan on Thursday formally awarded a contract of 84 MW Gorkin-Matiltan, Kalam District Swat Hydro Power Project to CMC and GRC companies from Italy and Pakistan.
The project to be completed at a cost of Rs 20 Billion by 2020 would annually produce 345 GWh electricity and the province would have an annual income of Rs 2.5 Billion.
Provincial Minister for Energy and Power and Education Muhammad Atif Khan witnessed the contract awarding ceremony and said that it was a historic day and pleasant moment that the Khyber Pakhtunkhwa Government had formally awarded contract of 84 MW hydro power project from its own resources.
The incumbent government of KP would start 12 projects of about 1200 MW in the province out of which 5 in public and 7 in private sector, he added.
He said the private sector would invest 2 billion dollars in energy sector, adding in 1st Phase projects of 214 MW while in 2nd Phase projects of 300 MW would be started in public sector.
He announced that work on Lawi, Jabori, Karora and Machai hydro power projects would be started very soon.
On completion of these projects, the province would get extra income of billions of rupees, he asserted.
The Minister assured full support on behalf of the provincial government to Italian and Pakistani companies.
Secretary Energy and Power Engineer Naeem Khan, CEO Pakhtunkhwa Energy Development Organization (PEDO) Akbar Ayub, representatives of Italy and Pakistan Companies and experts of energy sector in large number attended the ceremony.