Rs 410 bln reserved for energy projects in FY 2016-17



The federal government has reserved Rs 410 billion for energy projects in the upcoming financial year 2016-17.

According to details, the government has reserved Rs 60 billion for three liquefied natural gas-fired plants, Rs 61 billion for Neelum Jhelum hydro-power project and Rs 42 billion for Dasu power project.

In experts’ opinion, the government needs to upgrade transmission lines besides expanding power generation.

According to authorities at the planning commission, sufficient funds are being earmarked for power projects in the upcoming fiscal year. However, the projects budding from the 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 the authorities concerned.

A sum of Rs 31 billion has reportedly been reserved for the 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.