PESHAWAR, Jul 02 (APP): Pakhtunkhwa Energy Development Organization (PEDO), a subsidiary of the Department of Energy and Power KP, generating affordable hydropower, more than Rs. 32 billion in revenue for the province and the federal government owes Rs.10 billion.
It is the largest revenue generating agency with annual revenue of over Rs5 billion, which is currently generating 161 MW of cheap electricity that will be increased to 224 MW next year.
In this regard, the annual revenue is expected to increase from about Rs5 billion to Rs10 billion. New employment opportunities are being created in the province for the development of the industrial sector by generating cheap electricity through the wheeling model and selling it at cheap rates.
Syed ImtiazHussain Shah while addressing a review meeting on Saturday regarding ongoing energy projects of PEDO. After the successful transfer of the CM House and Secretariat as well as civil secretariat to the solar system, additional power generation through net metering is saving millions of rupees in terms of electricity bills.
The province’s 4440 mosques, 8000 schools and 187 basic health units (BHUs) are also being shifted to the solar system while 13 solar mini-grids are being constructed to promote commercial activities in newly merged districts.
In addition to this, 302 numbers of mini micro-hydel stations have been completed in the backward areas of the province that are deprived of the blessings of electricity. About 29 MW of cheapest electricity is being provided to the poor people at the village level.
Koto hydropower project 40.8 MW Dir Lower, Karora power project Shangla 11.8 MW and 10.2 MW Jabori power project Mansehra are in the final stages of completion.
On the other hand, other ongoing projects of PEDO include 84 MW Matiltan power project Swat, 69 MW Lawi power project Chitral, 6.9 MW Brando power project Torgarh and 10.5 MW Chapri Charkhel power project Karam, the construction work is going on full swing. The World Bank’s financial assisted projects at district swat, construction work on Gabral Kalam HPP of 88 MW and Madyen HPP of 157 MW has also been started soon.
During the meeting, Secretary Energy Syed Imtiaz Hussain Shah expressed satisfaction over the progress made on the ongoing projects of PEDO and hoped that the completion of ongoing projects would prove to be a game changer in overcoming the power crisis and stabilizing the economy. PEDO would emerge soon as mini WAPDA in KP owing to its fast track progress in the power generation sector.