Home Business Govt releases Rs 27.2 billion for power-related projects

Govt releases Rs 27.2 billion for power-related projects

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ISLAMABAD, Dec 06 (INP-WealthPK): The government has released Rs 27,220.10 million for different projects of the National Transmission and Despatch Company (NTDC) and Pakistan Electric Power Company (PEPCO) during the first quarter of the current fiscal year 2022-23, under the annual Public Sector Development Programme.

The government has earmarked Rs 42,983.26 million for a variety of NTDC and PEPCO projects, with a component of Rs 20,773.43 million for foreign aid, the Planning Commission data shows. A total of Rs 24,374.66 million has already been spent on different projects.

The government allocated Rs 7,500 million for the interconnection of the Makran Network, Rs 2,000 million for the construction of the 220 kV Swabi Substation (NTDC), Rs 1,500 million for the construction of the 220/132 kV GIS Substation Dhabiji (NTDC), Rs 1,200 million for the construction of the 500 kV Allama Iqbal Industrial City, and Rs 1,000 million for the construction of the 220 kV Haripur Substation, Rs 750 million for ABC Cable for Peshawar, Bannu Circle (PESCO), Rs 600 million for the construction of 132 kV Grid Station (Khan Mehterzai), and Rs 395 million for electrification work at different villages in Chitral.

For the new scheme, an amount of Rs 2,500 million has been allocated for the electricity distribution efficiency improvement project, Rs 2,000 million for secondary transmission lines and grid stations (HESCO), Rs 1500 million for 220 kV Quaid-e-Azam Apparel and Business Park, and Rs 500 million for the construction of the 2nd Circuit Stringing of 132 kV Transmission Line (Jiwani to Gwadar).

Similarly, a sum of Rs 14,085 million has been earmarked for the installation of 2,600 MW Coal Fired Power Project Jamshoro,  Rs 7,600 million for the evacuation of power from Sukki Kinari, and Rs 7,260 million for the provision of a 50KVA T/F & HT Line for De, Rs 3,360 million for evacuation of power from 2,160 MW Dasu Hydropower Project Stage-1, Rs 3,400 million for evacuation of power from Tarbela 5th extension, Rs 2,500 million for power distribution enhancement investment programme-II, Rs 2,000 million for up-gradation and extension of NTDC’s telecommunication and SCADA System at National Power Construction Corporation, Rs 1,650 million for 500 KV Islamabad West, and Rs 3,000 million for evacuation of power from 1,224 MW wind power plants at Jhimpir.

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  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

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