Islamabad, August 16, 2016 (PPI-OT):The Federal Minister for Water and Power Mr. Khawaja Muhammad Asif chaired a meeting of the committee on Formulation of Roadmap for implementation of Hydro Power Projects in Gilgit – Baltistan. The delegation briefed the honourable minister about various mega and micro-hydel power projects in GB, the progress so far made on them and the impediments in completion of the projects.
The delegation while appreciating the support of the federal government in facilitating the Gilgit-Baltistan government in completion of these energy projects urged for additional financing to start a number of micro hydel power projects and tap into this resource for fulfilling the energy needs of the region.
The delegation from Gilgit Baltistan (GB) informed the federal Minister that there is huge potential for micro hydel projects in GB, and that the GB government is planning and financing the micro hydel projects up to 35 MW from its annual development fund.
Mr. Khawaja Muhammad Asif said that Gilgit Baltistan being the water bank of Pakistan offers excellent investment opportunities in hydel power projects for both local and foreign investors. The Minister ensured the delegation that full support and cooperation will be extended in this regard. “The current environment in Pakistan is conducive for energy projects and foreign assistance partners and investors are expressing keen interest in energy projects especially micro hydel projects in Pakistan”, added the Minister.
The Minister informed the delegation that we will showcase the huge hydel potential of hydel projects in Pakistan in especially Gilgit-Baltistan and Kashmir to the foreign assistance partners and investors to convince them for investment in hydel projects in Gilgit Baltistan and Kashmir.
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