PESHAWAR: In the Swat area of Khyber Pakhtunkhwa, the World Bank (WB) will begin two 245-megawatt hydropower projects this year, bringing in more than Rs. 13 billion annually.
This decision was made during a high-level meeting with the World Bank delegation, which was presided over by Nisar Ahmad Khan, the secretary of energy and power.
According to a statement, the meeting was attended by WB Senior Energy Specialist Muhammad Saqib, other mission members, the Chief Executive of PEDO Naeem Khan, and other pertinent authorities.
According to the sources, Chief Executive PEDO Naeem Khan stated that with the World Bank’s financial assistance, building on the 2 hydropower projects in Khyber Pakhtunkhwa would begin this year.
The projects include the 88MW Gabral Kalam Hydropower Project and the 157MW Madyan Hydropower Project.
Furthermore, the provincial administration and the World Bank have already inked a 450-million-dollar agreement, and projects are expected to be finished by 2027.
Both power projects, according to Nisar Ahmad Khan, the energy secretary, are crucial to the province’s growth and economy.
He stated that the beginning of these initiatives would bring in a new age of development and these initiatives would result in significant investment and new job possibilities.
Nisar also reassured the World Bank delegation that the provincial government was in contact with the local police, administration, and other security agencies and was making sure that the personnel working on the energy projects felt safe.