Malakand-III hydropower project is near completion and would be functional by January 2008, SHYDO sources said here Friday. The mega hydel power project is being completed at a cost of six billion rupees, he said, adding, 97 percent works on the project has been completed.
It would generate 81 megawatt electricity of which 10 percent of which would be used for the local industries in the area. Apart from generating employment opportunities, it would also generate an income of Rs 15 million annually for the province. The agriculture sector would benefit from it as well and the problems of load shedding and low voltage would be addressed to a great extent.
It would also give boost to the industries in the area, the source added. The SHYDO sources said that Pakistan has capacity to generate 40,000 megawatt hydel power and NWFP alone can produce 25,000 megawatt electricity.