Three hydel power projects of 62.8 megawatt capacity are due for completion under the auspices of Pakhtunkhwa Energy Development Organization (PEDO) by June 2022
May 25, 2021
PESHAWAR: The Khyber Pakhtunkhwa (KP) government has signed Tuesday the Balakot Hydropower Development Project in collaboration with the Asian Development Bank (ADB) that would cost about US $750 million and complete in six years for the generation of 300 Megawatt power, ARY News reported.
The project, once completed, is set to rake in Rs14 billion annually for the provincial kitty، said a source inside the KP government department overseeing the agreement.
Of the total cost the hydropower project is set to incur, US $580 million will be borrowed by ADB while the rest US$170 million will be taken care of by KP government itself, the source confimed.