Pakistan plans USD 12.4 billion investment in power sector: Steel Guru

Daily Times reported that Pakistan is eying USD 12.4 billion investment in the power sector to generate 13,335MW power by 2016.

Sources said that Pakistan's government is encouraging the private sector to make investment in the power sector and is hoping that the private sector would invest USD 12.4 billion by 2016 on the 51 power projects that are under process by Private Power Infrastructure Board.

According to the power projects under process in PPIB, the focus is being laid on the hydel power generation and as many as 20 hydel power projects would be operational that would generate 4,478MW power by 2016. In the said sector, first project would start generating hydel power of 84MW in the year 2011 and three additional power projects would be added to hydel power generation that would generate 332MW by 2012.

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