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     June 10,  2015

Detail

 


KP government approves corporate structure of PEDO

Chitral Times Report

PESHAWAR: The Government of Khyber Pakhtunkhwa has approved the corporate structure of the Provincial Energy Development Organization (PEDO) to run it as an autonomous commercial entity and expedite the process of energy generation. The corporate structure envisages formation of Khyber Pakhtunkhwa Power Company Limited and Khyber Pakhtunkhwa Private Power Board within one month.

The approval was accorded at a high level meeting of the Energy Apex Committee of Khyber Pakhtunkhwa Government which met here with Chief Minister Pervez Khattak in the chair. The meeting was also attended by the Provincial Minister for Energy and Education, Muhammad Atif Khan, Minister Finance, Muzzaffar Said, Senator Mohsin Aziz, Member National Assembly, Asad Umer, Chief Secretary Khyber Pakhtunkhwa, Amjad Ali Khan, Additional Chief Secretary Dr. Hamad Awais Agha, Principal Secretary to the Chief Minister, Dr. Shahzad Bangash, Secretaries of Energy, Finance and Planning & Development Departments, and other concerned officers.

The meeting discussed at length the future of the provincial Energy and power department. It was decided that in order to ensure rapid execution of energy generation projects and avoid bureaucratic hurdles in energy related projects, an autonomous entity would be formed under the Energy and Power Department of Khyber Pakhtunkhwa. The proposed independent company will exploit the potential of 30 thousand Megawatt hydro Power generation in the province besides facilitating and developing the oil and gas sectors for enhancing their production according to the targets fixed up to the year 2034.

The meeting expressed satisfaction over oil and gas exploration and production activities of Khyber Pakhtunkhwa Government and it decided to recommend the oil companies which approached the provincial government for setting up oil refineries in southern districts of the province, for consideration of the federal government.
The Chief Minister Pervez Khattak on this occasion assured to facilitate the oil companies for establishing refineries in Khyber Pakhtunkhwa and directed the energy department to focus on other parts of the province where clear signs of availability of oil and gas reserves have surfaced.

He told that the federal and the provincial governments have in principle reached an agreement for resolving issue of gas provision for domestic use in the southern districts under a formula.
 

 

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