The Executive Committee of National Economic Council, ECNEC, approved several projects during its meeting on Thursday including KPK’s hydropower project. The ECNEC, headed by Ishaq Dar, is the sole authority responsible for approving the country’s spending on projects.
The planned Lawi hydropower plant in KPK will produce 69 megawatts of electricity. The cost of the project is Rs 20.1 billion. KPK government is financing the project with Rs 4.2 billion being financed through foreign loans.
The committee approved Rs 22.3 billion for the expansion of Warsak Hydroelectric Power Station. The amount includes Rs 11.3 billion obtained through foreign loans. After the expansion, the power station will be able to generate 243 megawatts of electricity compared to the 193 megawatts its generating at the moment.
The committee also approved Rs 3.4 billion for building a transmission line to carry electricity from the 1,200 megawatts LNG power plant at Balloki and Rs 9.6 billion for construction of Basol Dam.
Meanwhile, rain has increased the water level at River Jhelum. This will enable River Jhelum to supply 60,000 cusecs of water that will help generate 1000 megawatts of electricity from Mangla Dam.