ISLAMABAD, Aug 16 (APP): Minister for Water and Power Khawaja
Muhammad Asif Tuesday chaired a meeting of the committee on
Formulation of Roadmap for implementation of Hydro Power Projects in
Gilgit Baltistan (GB).
The delegation briefed the minister about various mega and
micro hydel power projects in GB, the progress so far made on them
and the impediments in completion of the projects, said a press
release.
The delegation while appreciating the support of the federal
government in facilitating the GB government in completion of these
energy projects urged for additional financing to start a number of
micro hydel power projects and tap into this resource for fulfilling
the energy needs of the region.
They informed the minister that there is huge potential for
micro hydel projects in GB, and that the GB government is planning
and financing the micro hydel projects up to 35 MW from its annual
development fund.
Khawaja Asif said that GB is being the water bank of Pakistan
offers excellent investment opportunities in hydel power projects
for both local and foreign investors.
The minister assured the delegation that full support and
cooperation will be extended in this regard.
“The current environment in Pakistan is conducive for energy
projects and foreign assistance partners and investors are
expressing keen interest in energy projects especially micro hydel
projects in Pakistan”, he added.
He informed the delegation the government will showcase the
huge hydel potential of hydel projects in Pakistan in especially
Gilgit Baltistan and Kashmir to the foreign assistance partners and
investors to convince them for investment in hydel projects in
Gilgit Baltistan and Kashmir.
