News Details

05/06/2017

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has directed to identify land for 545 Mega watt project for electricity Production at Kandia Valley Kohistan.

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has directed to identify land for 545 Mega watt project for electricity Production at Kandia Valley Kohistan. He also directed the government officials to extend all possible help to the company to Kaiga Hydro project in the whole process of execution and completion of the electricity production project. He assured that provincial government would extend all possible help to facilitate the foreign investors in the province. He further assured that the government would resolve the land acquisition and would also provide security to the investors and their investment. The project costing 1.42 billion US dollar would be completed through South Korean Company SK-E&C. The participant were given first hand information about the company, its quality of work, its experience in the field and the provincial government engagement with the company reflected ToRs and the terms of engagement between provincial government and company. The project was being executed through Public Private Partnership and its feasibility had been completed. The project is different in terms of its execution as it would be carried out under Public Private Partnership and it is also part of the provincial government mission to tap all the sites for maximum electricity production. The design of the project would be completed in July while the execution would start right from beginning of New Year. The company pleaded to be supported for necessary licensing and acquisition of land for the project. The Chief Minister directed the quarter concerned to move swiftly for resolving the land identification and acquisition of land for the project, resolution of problems related to the project and settling down the rate of the land to be acquired for the project. Chief Minister welcomed the South Korean investment in Khyber Pakhtunkhwa and assured the investors all out support for the security of investment and safety of the investors. Chief Minister also offered the raw sites for the electricity production in Khyber Pakhtunkhwa and asked the investor to develop these sites through their investment. Chief Minister assured welcoming and facilitating the foreign investment and added his government has evolved a transparent mechanism having maximum incentives to the investor in the province. His government has opened the potential advantages of the province to the potential foreign and domestic investors. He assured the investors would get reasonable dividend of their investment in Khyber Pakhtunkhwa. A system has been evolved for the facilitation for foreign investors and which is transparent and open and decisions are taken in a transparent manner and assured that transparency and merit base decision making would never be compromised. Minister education Muhammad Atif Khan, MNA Sajida Zulfiqar Khan, General Manager SK-E&C, Eddy Nam, Manager Choris Hwans, Director National Engineering cooperation Babar Mehmood and other related officials also attended. <><><><><><><><><>