PESHAWAR: The Policy Board of the Pakhtunkhwa Energy Development Organisation (Pedo) has approved the business model for the organisation to make it a self-sustainable and profitable body and minimise its dependency on the government’s funding for new projects.
The board held seventh meeting here on Friday with Chief Minister Mahmood Khan in the chair.
Additional chief secretary Shakil Qadir, energy and power secretary Mohammad Zubair, Pedo chief executive officer Naeem Khan and other board members attended the meeting.
According to an official statement, under the business plan, a workable strategy has been devised to arrange funds for the Pedo’s next projects.
CM orders completion of energy projects on time
Besides other initiatives and interventions, the Pedo will also be allowed to retain the profit of its completed hydropower projects and use it for new power projects in the province for a certain period.
In light of the recommendations of the Pedo’s evaluation committee, the board accorded conditional approval to the issuance of no objection certificates to the relevant construction companies for the development of 215MW Asrit-Kedam and 496MWLower Sapat Gha hydropower projects. It directed the Pedo to fulfil all codal formalities and strictly implement the policy in that regard.
In light of the approval of the relevant management committee, the board allowed the Pedo to hire a planning consultant for the Khyber Pakhtunkhwa Hydropower and Renewable Energy Development.
On the occasion, the chief minister said the completion of all energy projects on time was one of the top priorities of his government.
He directed the Pedo to ensure compliance with project deadlines.
The chief minister said the approval of the business plan for Pedo was an important development, which would help make the Pedo a profitable body.
Published in Dawn, May 8th, 2021