Rs410b re­served for en­ergy projects in bud­get 2016-17

Pakistan Observer - - ECONOMY WAYCH -

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

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