The leading newspaper in Peshawar reported on January 16 that development work on two 245-megawatt hydropower projects in the Swat district of Khyber Pakhtunkhwa (KP) would soon begin. The World Bank is funding these projects.
Read more with EL news: Two megaprojects’ cornerstones have been laid in Lahore
From what we know, once the two energy projects are finished, they will bring in more than PKR 13 billion every year. Nisar Ahmad Khan, Secretary of Energy and Power, led a high-level meeting with the WB mission. During the meeting, Naeem Khan, the head of the Pakhtunkhwa Energy Development Organization (PEDO), told the people there that two hydropower projects in Swat will be built this year with the help of WB money.
Under the plan, the 157-megawatt Madyan Hydropower Project and the 88-megawatt Gabral Kalam Hydropower Project will be built. The news source said that the KP government and the WB have signed a deal worth USD 450 million, and the projects should be done by 2027. The secretary of energy said that these projects are important for the region’s growth and prosperity.