The provincial government of Khyber Pakhtunkhwa has prepared an investor friendly Hydro Power Policy 2016 to broaden the scope of and increase investment in the power sector of the province. The policy after formal announcement will prove as a landmark in utilising to the maximum, the power potential of the province as well as boosting the economy of the province with its exceptional incentive packages for investors. The policy is scheduled to be approved in the forthcoming session of the Provincial Cabinet.
A meeting of Pakhtunkhwa Energy Development Organisation (PEDO) Board of Directors (BoD) was held in this regard under the chairmanship of ex-Chief Secretary and Chairman PEDO board, Shakeel Durrani.
The meeting was also attended by Secretary Finance, Ali Raza Bhutta, Secretary Energy & Power Engr. Naeem Khan, Chief Executive PEDO, Akbar Ayub Khan, Senator Nauman Wazir among other board members.
The CEO PEDO, briefed the participants about the newly proposed KP Hydro Power policy 2016 and elaborated that inputs from various energy sector experts and departments had been sought in the development of the policy.
He further said the policy has been developed as an investor friendly policy, wherein various incentives have been given to investors as well as ensuring a fast-track and simple procedure.