Rs410b reserved for energy projects in budget 2016-17
ISLAMABAD—The government has reserved Rs 410 billion for energy projects in the financial year 2016-17. The government has reserved Rs 60 billion for three Liquefied Natural Gas-fired plants, Rs 61 billion for Neelum Jhelum hydropower project while Rs 42 billion for Dasu power project.
In experts’ opinion, the government needs to upgrade transmission lines besides expanding power production. According to authorities at planning commission, there are sufficient funds for power projects in the upcoming fiscal year. However, projects budding from China-Pakistan Eco- nomic Corridor are separate, according to them.
Timely completion of different energy projects will help limit the shortage and curb energy crisis. Furthermore the government has set aside Rs 16 billion for Tarbela Fourth Extension Hydro Power Project while recommendation of spending Rs 22 billion on Chashma Nuclear Project III and IV has been tabled by authorities concerned. Rs 31 billion have reportedly, reserved for Water and Power division, Rs 32 billion for Diamer-Bhasha Dam, Rs 22 billion for Chashma coal project and Rs 2 billion for Gomal Zam Dam.—Agencies