Agreement signed for construction of three mega power projects in Chitral

The agreements on the projects valuing $10.86 billion equivalent to Rs.1173 billion included Peshawar Model/Smart City Township and KP China Investment Plan (KPCIP)-M1 City Nowshera, three hydro power plants in Chitral, one cement plant at Haripur and one state of the art oil refinery at Karak. Later, briefing the media, the chief minister said these projects pitched the highest ever investment in the province. The provincial government had started negotiations with the Frontier Works Organization some six month back for undertaking these four mega projects. Regarding the three hydro power projects, the chief minister said the projects costing $1110 million would generate 600 megaeatt of electricity, overcoming the shortage of electricity and meeting the growing need for the upcoming industrialization process. The province needed electricity for its industrialization process following investment agreements with the foreign investors. The provincial government, he said would get a reasonable share in the hydro power projects without making any investment in these projects.]]>

2 Replies to “Agreement signed for construction of three mega power projects in Chitral”

  1. FWO failed in maintaining Lawari Pass road. The contracter defaulted in paying salary to sub contractors and labourers on Arandu road project.It will fail the upcomming projects as well.

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