PESHAWAR: Chief Minister Pervez Khattak has welcomed the Rs1.74 trillion Chinese investment in the power sector in the province.
The investment included in the three hydel power generation projects with the capacity of 674 megawatt concentrated in Chitral, the establishment of grid stations at two sites after the laying down of high power 500 KVA transmission line to link the power stations in Chitral to Chakdara.
The investment offer was made by executives of the Chinese company Sichuan CNNC Southwest New Energy during a meeting with the chief minister in Peshawar.
Head of Strategic Support Unit Sahibzada Saeed, Secretary Energy Muhammad Naeem Khan, Principal Secretary to CM Shahab Ali Shah, Special Secretary to CM Akhtar Saeed Turk and other concerned officials attended.
The meeting finalized the prerequisites, the detailed estimation of these projects for submission by 30th of the current month. The chief minister directed that necessary documentation, detailed estimation and other allied steps should be taken so that the government could issue No Objection Certificate (NOC) to the Chinese company for the construction of power stations.
The three power stations included Toreen Morkari Power station with the capacity to produce 350 MW, Jaim Shull Toreen Mor power station with the capacity of 260 MW and Mojigram Shaghoor power station with capacity of 64 MW.
The chief minister was informed by the company’s executives that they had done the preliminary work on these projects and the feasibility including the permission of Chinese government was in the process with the provincial government. Different meetings for different phases to fulfill certain responsibilities have already been finalized.
Mr Khattak said it was his government’s dynamic policy that led to the congenial environment both for the domestic and foreign investment in the province, adding his province had emerged the most suitable destination for investment. He cited the reasons for the investment-friendly-environment that included the exemplary law and order situation in the province and the corruption free institutionalized mechanism in the province.
The chief minister directed the Energy Department to prepare feasibility of all projects of hydel power generation. The department should identify sites in all districts and prepare a plan for the hydel power projects there. The department must ensure the efficient use of resources in the projects in energy sector adding that he was against the wastage of resources, he added.