A Chinese investment company expressed its interest in buying 120 megawatts of low -cost electromagum energy from the Chakdara Swat Corridor to create steel factories in Khyber Bakhtonguhua. Representatives of China Century Steel Mills met with a special assistant to the Prime Minister in Engr, Engr. Tariq Saduzai, to discuss investment opportunities in the province’s energy sector.
During the meeting, Sadozai stressed the importance of the private sector’s participation in taking advantage of the natural energy resources of the Khayber-Pakunkhwa, noting that economic growth can be accelerated through strategic investments.
It also highlighted the creation of Khayber-Paktunkhwa for the KPT & GSC system, which aims to enhance the province’s energy efficiency. KPT & GSC described a major initiative that allows boycott to fully benefit from the energy projects developed under PAKHTUNKHWA Energy Development (PEDO).
TIAMMMAD Authority has provided an overview of three main transport projects that are planned by KPT & GSC. The first phase includes building a 40 -km transfer line to Maaden at a cost of 8 billion rupees, with the expectation of completion in 18 months.
The second stage is expected to cost a 80 -kilometer transmission line from Madyen to Chakdara, between 16 billion rupees and 18 billion rupees and is scheduled to be completed within four years. The third stage aims to provide a modern transportation system for the distribution of electricity efficiently from PEDO projects that have been completed 171 megawatts and continuous energy initiatives of 1000 megawatts.
The Chinese delegation showed great interest in investing in these projects, as it was seen as an opportunity to improve the province’s energy infrastructure. Saduzai welcomed their interests, describing it a step towards industrial and economic development in Khyber Bakhtongua.
Meanwhile, the province’s government is conducting discussions on a possible transfer of Peshawar Electric Supply (Pesco) under its jurisdiction. At a recent meeting chaired by Sadozai and Pesco Himayatulllah Khan, many options were explored, including privatization or control of provinces.
The meeting was informed that Pesco is currently facing a 130 billion rupees due to high lines losses and low recovery rates. The provincial government evaluates potential solutions to improve its performance while ensuring a more efficient electricity distribution system.
