LAHORE: The Punjab Industrial Estates Development and Management Company (PIEDMC) has approved release of Rs55 million to the Faisalabad Electric Supply Company for the construction of 132KV grid station in Bhalwal Industrial Zone and Rs9.6m to Lahore Electric Supply Company for feeder connection in Chunian Aqua Business Park.
On the recommendations of committee, the PIEDMC in its Board Of Directors meeting also approved Rs5.4m for consultancy services for disposal stations in Vehari and Rahim Yar Khan industrial zones, Rs30m for transaction advisory of Muzaffargarh Industrial Zone and renewal of contracts of transport service and medical insurance for staff.
The meeting presided over by the chairman Syed Nabil Hashmi was earlier told that the company earned Rs 12 billion from QABP, Rahim Yar Khan, Vehari and Bhalwal Industrial Zones, started development works on the Quaid-i-Azam Business park, Bahawalpur Industrial Zone and transformed Chunian Industrial Zone into Aqua Business Park, work on net metering and expansion project also started in Sundar Industrial Estate.
Published in Dawn, October 26th, 2021
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