Rs 410 billion reserved for energy projects in FY 2016-17
Projects budding from China-Pakistan Economic Corridor are separate, clear authorities
ISLAMABAD (Dunya News) – Federation has reserved Rs 410 billion for energy projects in the financial year 2016-17, reported Thursday.
The government has reserved Rs 60 billion for three Liquefied Natural Gas-fired plants, Rs 61 billion for Neelum Jhelum hydro-power 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 Economic 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.
Federal Finance Minister Ishaq Dar will table the budget details in coming days. Prime Minister Nawaz Sharif, ahead of his open-heart surgery in London, chaired federal cabinet and NEC meetings relating to budget via video link.
