PESHAWAR: Sarfraz Ali Shah, Advisor to Caretaker Chief Minister of Khyber Pakhtunkhwa on Energy, Planning and Development, said on Monday that the Malakand-III hydropower project is an ideal and profitable source of income for the provincial government.
He said that the project is irrigating around 25000 acres of agricultural land besides generating cheap electricity. He expressed these views while addressing a briefing on the occasion of his visit to the Malakand III Power Project.
The advisor said that the Khyber Pakhtunkhwa government has constructed it with its own resources in a short period at a very low cost.
Shah said that it is an excellent and exemplary project of the KP government to generate cheap electricity in a short period with its resources, which is benefiting the government to the tune of billions of rupees annually.
Malakand-III Hydropower Project
Construction work on this project was started in 2002 and was completed in in 2008 at a cost of Rs.4 billion. He said that the project has so far earned Rs32 billion rupees. The power generated by the project has been added to the national grid of power supply.
Apart from earning handsome revenue, the project is also a source of employment opportunities for the locals.
He said that the hydropower project stands as an important source of renewable energy, an example of the successful use of water resources for power generation as well as agricultural development.
The innovative initiatives and achievements in the hydropower complex show commitment towards bringing improvement in efficiency and overall operations of the project.
